The Chairman of Kuwait Chamber of Commerce and Industry, Ali Mohammed Thunayan Al-Ghanim, said that “the European-GCC dialogue has not achieved, with regret, over 30 years, its goal of reaching a free trade agreement between the two parties”.
Speaking at the opening of the Gulf-European Business Forum “Oasis of Opportunities”, Al-Ghanim stressed that "over the past three decades, the Gulf States and the European Union have witnessed rapid and profound changes that put them both in front of new accounts of their interests and the challenges they face, calling them to reconsider the pattern of thinking and mechanism of dealing, in line with the developments.
Al-Ghanim said that "the world is living today in the era of the Fourth Industrial Revolution, which carries fundamental transformations that move everyone to a digital and virtual world and to an economy where competition depends on feasibility and creativity before cost and price, and talent comes before capital." Considering that “in case Europe was hesitate in supporting the GCC countries to enter this age, the development gap between them will become a very difficult obstacle for their cooperation."
Source: (Al-Rai newspaper – Kuwait, Edited)
