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Cabinet approves memo on free trade zone between GCC and Lebanon

posted on 06/07/2004: 658 views



The Council of Ministers yesterday approved a memorandum on an agreement to set up a free trade zone between the Gulf Cooperation Council member states and Lebanon. In a meeting in Abu Dhabi yesterday, the cabinet also sanctioned a memorandum on the participation of the UAE in the Frankfurt International Book Fair in October and on payment of the country's annual share in the budget of an international archaeological newsletter. Sheikh Sultan bin Zayed Al Nahyan, Deputy Prime Minister, presided over the meeting which was also attended by Sheikh Hamdan bin Zayed Al Nahyan, Deputy Prime Minister and Minister of State for Foreign Affairs.



The cabinet further assented to a memo on the formation of a new board of directors for the Emirates Media Incorporated and viewed a note from the State Audit Department (SAD) on its annual report on the Marriage Fund's closing accounts and financial transactions for 2002 and the reply of the Fund to the SAD's comments. It also endorsed two memos, one on an agreement between the UAE and Sudan in respect of reciprocal legal assistance in a number of judicial matters and the other on a draft cabinet's resolution regarding the organisational structure of the Zakat Fund. (The Emirates News Agency, WAM)

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