Yemen and the GCC get closer [Archives:2002/13/Business & Economy]

BY YEMEN TIMES STAFF
Yemens partial access into the GCC indicates improved relations with its neighbors and better opportunities to improve the republic.
In a symposium organized by the General People’s Conference (PGC) “Yemen and the Gulf Council”, participants concluded that Yemen only stands to gain with its gradual access to some of the institutions of the GCC.
The political consultant of the President, Abdulkareem al-Eriani has denied that politics will be an impediment to Yemen’s eventual total access to the GCC membership.
In his speech at the opening of the symposium, al-Eriani said that Yemen has been desiring both help and partnerships in investment, commerce, and economic areas.
Being members of the GCC will help these partnerships, and narrow misunderstandings.
The Head of the Culture and Information Division, Hameed al-Awadhi indicated that Yemen’s access to some of the institutions of the GCC will strengthen the bilateral relationship and coordination within the framework of missions of both sides.
Total membership requires a comprehensive understanding of the GCC institutions.
The Chairman of the Division Economy at the PGC , Mohammed Abduh Saeed sees that Yemen’s access to some of the institutions of the GCC will help economic relations and promote initiatives for investment.
In addition to this, making use of human resources and encouraging the role of the private sector in this respect, will help a lot in consolidating economic growth and broadening the horizons of bilateral cooperation.
Hamood Monassar, a journalist, said that Yemen possesses human resources which makes it fit for demands of the Gulf market.
Investment opportunities also can be found in Yemen in different aspects such as, commerce, industry and natural resources. Yemen’s strategic location overlooking on the Red Sea, Arabian Sea and the Horn of Africa makes Yemen a vital spot.
The symposium concluded that there should be more discussion of future development between Yemen and the GCC countries.

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