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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..
"This can only be achieved through partnership, the promotion of mutual exchanges, the appreciation of opportunities for Arab integration, the optimization of the tools of development of science and modernity and the institutions Arab labor to turn Arab enterprises into reality, "he said."He said.
This came in a speech inaugurating the work of the Economic and Social Council at the preparatory ministerial level of the 30th Arab Summit, following the presidency of the Council by 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 the contemplator of the situation in the Arab region would find that economic development had become without aspirations on the part of our peoples because of the weak links of productive integration and weak partnership between Arab countries and the dependence of the outside world on the consumption of knowledge, adding that these challenges could only be overcome by integration. The effort between the Arab countries, one of the richest regions of the world, both culturally and economically.
Minister Al-Bahi pointed out that Arab countries have concluded many agreements supporting Arab cooperation and integration in their economic and development dimensions, but that the process of economic cooperation has been in a period of contraction and stagnation. "The countries of the world have realized their chances of development.
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 Sheikh Sabah Al-Ahmad Al-Sabah, Emir of Kuwait, which was presented at the Arab Economic Summit in Kuwait. 2009, to support and finance small and medium-sized enterprises in the Arab world, and initiative of King Abdullah of Saudi Arabia, presented at the Kingdom's economic summit in 2013 to strengthen joint Arab projects.
He also welcomed the initiative taken by Kuwait at the 4th 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 pointed out that since the Arab summit in Tunis in 2004 and the first economic summit held in Kuwait in 2009, there was an Arab interest in the fields of employment, child labor, women's rights, sustainable development and health..
In this regard, he referred to the Arab Program for Strengthening Employment and Reduction of Unemployment and 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 of 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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