A delegation from the Chamber of Commerce and Industry of Bahrain (BCCI) participated in the Arab private sector forum, which was opened in the Lebanese capital Beirut on the sidelines of preparatory meetings of the Arab economic development summit in its fourth session.
Al-Kooheji said that the Arab private sector forum held in Beirut at the end of his meetings called on Arab common funding institutions to finance youth projects, empower women, small and medium-sized enterprises, innovation and entrepreneurship to reduce unemployment and poverty in the Arab world and create centers for entrepreneurial development and innovation with the participation of private sector representatives in the business rooms.
The recommendations included urging Arab countries to remove non-tariff barriers within a given period of time, liberalizing trade in services, facilitating trade and intellectual property in the Greater Arab Free Trade Area in cooperation with the Federation of Arab Chambers and supporting the cooperation with the private sector to develop curricula compatible with the new skills required for the labor market.
He added that the recommendations included also the request to Arab countries to formulate a joint Arab strategy for the digital economy based on an integrated information system in connection with the modernization of the legislative structure and the necessary laws and with the clarity of fiscal policies. on improving the quality and dissemination of telecommunications services and price reductions. To increase their participation in Arab economic development and integration projects and to open the world Arab export markets, underlining that these recommendations will be brought to the Arab economic summit of Beirut.
For his part, Jihad Amin, Chairman of the Tourism and Hospitality Committee, stated that the forum aims to activate a series of initiatives to strengthen Arab cooperation and activate economic programs, underlining that the Kingdom of Bahrain is a unique economic model in the development and in the diversification of sources. Participation in the work of the forum in order to benefit from the results and recommendations of the forum.
The secretary invited the Arab economic summit to adopt the vision of the Arab private sector and its recommendations during the establishment of the forum, whose main objective is to strengthen the role of the private sector in development projects. , Arab economic integration, technological modernization and the digital economy as the real source to improve the capacity for the real,, and can provide job opportunities commensurate with external economic development
The Forum was held under the slogan "Fourth Industrial Revolution and Sustainable Development" for a more inclusive Arab economy aimed at crystallizing the aspirations of the Arab private sector and identifying the progress made in the implementation of the objectives of sustainable development. 2030.