The next meeting of US and Gulf Cooperation Council (GCC) officials on economic ties is set to take place on August 29 in Riyadh, reported the Gulf Daily News on Wednesday.
The interim meeting of the US-GCC Dialogue, which will be attended by undersecretary level officials from both sides, will discuss the full range of economic issues between them, it said.
The US-GCC Dialogue, which also includes a dialogue between the private sectors of the two sides, began in 1985 as a government-to-government forum to explore measures to promote and expand economic and commercial ties between the GCC and the US.
The dialogue is envisaged to eventually lead to a GCC-US economic agreement.
An annual meeting and an interim meeting are held every year as part of the dialogue.
The upcoming meeting was originally tentatively scheduled to be held in April but was delayed, said the paper.
GCC-US trade exceeds $27 billion (BD10.2 billion).
US investment in the GCC is more than $5 billion (BD1.89 billion), while GCC investment in the US is an estimated $3 billion (BD1.13 billion), according to the paper - Albawaba.com
