Improved U.S.-GCC Trade Cooperation is Explored at the Select USA Investment Summit.

Improved U.S.-GCC Trade Cooperation is Explored at the Select USA Investment Summit.

Wednesday’s 5th U.S.-GCC Trade and Investment Dialogue and SelectUSA Investment Summit in Washington, D.C., examined ways to improve trade cooperation between the Gulf Cooperation Council states and the United States. The Deputy Governor of the Authority for Saudi Arabia led the kingdom’s delegation to the conferences, and Abdulaziz Alsakran, International Relations, attended the SelectUSA Investment Summit with a delegation of 22 public and private sector organizations.

The goal of the discussion was for officials and experts to share their experiences and opinions while debating trade and investment policies in the US and the GCC, as well as potential roadblocks and solutions. Additionally, it looked for shared goals that would encourage more trade cooperation between the two parties.

The US-GCC Trade and Investment Dialogue covered three main topics: digital trade, consumer protection, and thwarting commercial fraud. Commodity and service trade and investment flows were also encouraged.

The SelectUSA Investment Summit sought to promote economic growth by connecting foreign capital to American companies, bolstering American investment, showcasing industry trends and new opportunities across sectors, and introducing investors to opportunities with American companies. The General Authority for Foreign Trade fosters bilateral trade relations through joint government committees and coordinating councils. It also strives to facilitate the Kingdom’s non-oil exports’ access to international markets, resolve any issues that may arise, and help draw in foreign investment.

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