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Gargash underscores UAE's stance on withdrawal from GCC Monetary Union

posted on 09/06/2009: 875 views



Minister of State for Foreign Affairs, Dr. Anwar Mohammed Gargash, has reiterated the UAE's stance of withdrawing from the GCC Monetary Union.

"We still stand by our decision of withdrawing from the monetary union," he said in a statement last night soon after a meeting of the foreign ministers of member states of the Gulf Cooperation Council (GCC). The ministers met to discuss a paper presented by Qatar on activating the GCC march. "The UAE has made its stance public and clear... This is a joint action... and it is normal to have divergent views in a joint action," he added and wished the other member states in the monetary union good luck saying that the UAE had taken a sovereign decision which still holds.

Commenting on the Qatari paper, the UAE minister said it represents a very encouraging framework for boosting joint GCC actions, adding that the paper came to compliment a similar paper presented by Kuwait some years back. "I believe the discussions were very good," he added.

Touching on the three UAE islands being occupied by Iran, Gargash said there is a unified and solid GCC stance in support of the UAE's demand for resolving the issue through negotiations or international arbitration. "The UAE will never change its track," he added.

Gargash arrived here in Riyadh Sunday evening to head a UAE delegation to the 111th GCC foreign ministers' meeting. – Emirates News Agency, WAM

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