Egypt + Indonesia agree to establish trade committee: Trade and Industry Minister Ahmed Samir and Indonesian Trade Minister Zulkifli Hasan inked an agreement to establish a trade committee to help boost trade and economic ties, according to a ministry statement. The committee will be tasked with identifying and implementing the necessary measures to develop trade relations, addressing barriers to trade between both sides, helping their private sectors establish trade partnerships, and holding bilateral consultations around trade, the statement said.

Iran + Qatar look to enhance bilateral cooperation in transport: Qatari Transportation Minister Jassim bin Saif bin Ahmed Al Sulaiti discussed ways to improve ties in the transport sector, with an emphasis on maritime cooperation, with Iran’s Roads and Urban Development Minister Mehrdad Bazrpash during the Middle East Rail 2023 conference on Monday, Iran’s Tasnim News Agencyreports.

REMEMBER-Negotiations have been ongoing between Iranian officials and their Qatari counterparts on the facilitation of maritime transport, trade shows, private sector cooperation, and currency exchange to help boost trade, the official told the news agency. Trade between the two countries is projected to reach USD 3 bn by 2025 as they look to boost cooperation.

GCC leaders have renewed commitments to cooperate on economic integration and trade cooperation at the 4th GCC Trade Cooperation Committee meeting in Muscat, according to a statement. GCC trade officials agreed on mechanisms to finalize the GCC Customs Union before the end of 2024, achieve unified trade laws, and promote investments in joining projects between GCC countries.

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