09.04.2014 Belgium

TOBB President and EUROCHAMBRES Vice President M. Rifat Hisarcıklıoğlu attended the EU – Gulf Arab Cooperation Council (GCC) Financial Relations conference held by EUROCHAMBRES at the European Parliament.

During the conference the experiences of the joint efforts of EUROCHAMBRES and GCC were presented.  According to this study, it is evident that more involvement from Europe is needed in the region.

It was stated in a study conducted among investors that, in regards to the EU – GCC Investments, the principles of ownership, the legal sanctions of agreements, access to qualified workforce and visa procedures are among the issues which most effect entrepreneurs, presenting the greatest detriment to the strengthening of said partnership.

In his speech, EUROCHAMBRES President Richard Weber stated that the trade between the 6 countries which are members of the EU and GCC reached 150 million Euros in 2012 should be strengthened and diversified.