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Trade Minister Omar Al Bahi stressed that to achieve economic and social development and meet the aspirations of Arab youth, a 6% growth rate was needed in Arab countries..
He added: "This can only be achieved through partnership and the promotion of mutual exchanges and the exploitation of opportunities for Arab integration and maximizing the tools of development of science and technology. modernity, and that Arab labor institutions are transforming Arab enterprises into reality"He said.
This was delivered during a speech delivered at the inauguration of the Economic and Social Council at the preparatory ministerial level of the 30th Arab Summit, following the reception of the presidency of the Council by the Saudi Finance Minister, Mohammed bin Abdullah Al-Jadaan.
Al-Bahi stressed that a common Arab economic action was a strategic choice for Arab countries in the light of globalization and competition, and in light of the trend of most countries in the world to join to powerful international economic blocs..
The Tunisian Minister of Commerce said that those who were considering the status of the Arab region would find that economic development did not match the aspirations of our peoples because of the weak links of productive integration and the weak partnership between the countries. and the dependence on the outside world in terms of knowledge consumption, adding that these challenges could only be overcome through the integration of efforts between countries. It is one of the richest regions in the world, both culturally and economically..
"The Arab countries have concluded many agreements that support Arab cooperation and integration in their economic dimension and their development, but the process of economic cooperation has experienced a period of contraction and stagnation," he said. declared. "The countries of the world have realized that their chances of development are diminishing in the case of their unilateral entry into the era of globalization..
Al-Bahi stressed the Arab countries' belief that a joint Arab action was a strategic choice, highlighting several important initiatives that had a positive impact on Arab economic cooperation, including the initiative of the Islamic Republic of Iran. of Kuwait, Sheikh Sabah Al-Ahmad Al-Sabah, Supporting and Financing Small and Medium-Sized Enterprises in the Arab World, and the Initiative of the Late King Abdullah of Saudi Arabia, which had been presented at the Economic Summit of Kingdom in 2013 to support joint Arab projects.
He also welcomed the initiative taken by Kuwait at the fourth Arab Economic Summit held in Beirut in 2019 to create the Arab Investment Fund in the field of digital economy..
He also commended the efforts made within the framework of the Great Arab Free Trade Area and joint Arab manpower projects in transport such as road, maritime and rail links as well as Arab food security. , the formulation of common strategies in the fields of industrial development, new energies and many other areas..
He explained that since the Arab Summit of Tunis 2004 and the first economic summit held in Kuwait in 2009, there was an Arab interest in the fields of employment, children, women, sustainable development. and health..
In this regard, he referred to the Arab program to support employment and reduce unemployment, as well as the strategic framework for the eradication of multidimensional poverty..
He stressed the need to complete the Great Arab Free Trade Area through rules of origin to promote Arab production and remove all barriers to trade between Arab countries..
He stressed the importance of the interdependence between the economic and social dimensions of development, as has repeatedly emphasized the Secretary General of the Arab League, Ahmed Aboul Gheit..
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