EU and GCC should create greater supply lines, says French trade minister

The GCC will be "good partners" in a post-pandemic world, he said

  
A Saudi man wearing a mask walks in front of the hall before the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021.

A Saudi man wearing a mask walks in front of the hall before the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021.

Reuters/Ahmed Yosri
RIYADH: Global supply chains need to be rethought to reduce the impacts of humanitarian or geopolitical crises, France’s foreign trade minister has told the Future Investment Initiative Forum in Riyadh.

Franck Riester highlighted the health, energy and food sectors in particular as areas where the current system is susceptible to fluctuations, such as those caused by the Covid-19 pandemic.

The minister said the European Union is already seeking to diversify its suppliers in a number of areas, and flagged up closer working with Gulf Cooperation Council (GCC) countries as part of this.

The GCC will be "good partners" in a post-pandemic world, he said.

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