Kuwait: Arab Business Sector Looks Forward To Economic IntegrationSource: www.export-egypt.com 3/26/2017, Location: Middle East |
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The Arab business sector is looking forward to promote an economic integration towards wider and more comprehensive spaces to achieve a decent life for the Arab citizen.
This sector hopes that the 28th Arab Summit scheduled to be held in Jordan on Wednesday will support the economic integration by making some decisive decisions. In this context, Chairman of the Chamber of Commerce and Industry of Jordan Nael Al-Kabariti told KUNA that Amman Summit will be successful and will take the necessary decisions to meet aspirations of the Arab citizen. Al-Kabariti added that the Arab world is currently undergoing unprecedented conditions affecting the Arab economy and social life. This requires an exceptional and multiplying effort in the direction of joint economic action. He said that the Greater Arab Free Trade Area continues to face non-tariff barrier, mainly due to technical constraints, not to mention the relatively large increase in the costs of commercial transport, despite that more than 19 years of operation in this region. He pointed to the importance of a unified Arab strategy to interact with important developments, including China's initiative to build the new Silk Road which started in 2013 and found its way to implementation vigorously . "It is important to rely on the GCC countries to lead the Arab economic renaissance in the next phase, due to the GCC's integrated economic system and the achievements that we are proud of" Al-Kabariti said. . For his part, Chairman of the Arab Business Union Hamdi Al-Tabbaa said in a statement to KUNA that the Union calls to discuss several files to strengthen joint Arab action. . Al-Tabbaa added that the summit represents the supreme Arab political will to support joint Arab cooperation. . He pointed out that the Union recommended the Arab summit to discuss important economic issues such as (Arab Customs Union), stressing the need to complete the Greater Arab Free Trade Area. . Among the economic files recommended by the Union, Al-Tabbaa said that the (Arab food security) file is a "big dilemma" in the Arab countries, which import more than half of its food needs from outside the Arab world, especially grain, sugar, meat and oil. . Moreover, the issue of education, scientific research and technological progress is one of the most important economic issues to be prioritized by the Arab Summit, he added, stressing the importance of developing traditional education to specialized, qualitative, and vocational education. . The preparatory meetings for the 28th Arab Summit scheduled for March 29 held at a meeting of senior officials of the Economic and Social Council of the League of Arab States to prepare for the meeting of the Council. |
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