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Riyadh to be headquarters of GCC Monetary Council 3 Riyadh


making.
In support of a proposal submitted by the State of Qatar to activate the role of the GCC member countries in the political, military, security and economic aspects, the leaders have instructed the authorities concerned that a ministerial committee and other specialized committees to be formed to follow-up and support this proposal according to a specific timetable and present their findings to the forthcoming Kuwait GCC summit.
He confirmed that negotiations between the GCC and European Union have been suspended until the EU responds to the GCC proposals, particularly as regards exports fees.
On the impact of the international financial crisis on the economies of the GCC countries, Al-Atiyyah said "the economies of our countries are immune as certain measures have been taken by the GCC states, contributing to alleviating the repercussions of this crisis".
On the political affairs, the GCC Secretary General reiterated the welcome of the GCC of any dialogue among the world countries, particularly between the United States and Iran, provided that it would not be at the expense of the Arab countries in general and the GCC countries in particular.
We do reject any nuclear program challenging the international standards and nuclear non-proliferation treaties. However, we support Iran's right to possess peaceful nuclear energy, he stated.
Al-Atiyyah, confirmed that the GCC member states reject that the region be converted to a field for disputes and race to posses nuclear weapons and blackmail of other countries.


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