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The Beirut Development Summit requires a common vision in the digital economy



Beirut Economic Summit Logo

Beirut Economic Summit Logo

The draft resolutions of the Beirut summit on economic and social development, which will be held on Sunday, have recommended the establishment of a common Arab vision in the field of digital economy.

According to the draft resolution published by the official agency of the MENA, "the summit agreed in principle to establish a common Arab vision in the digital economy and the assignment of advice ministerial specialists in cooperation with the Arab Organization for ICT and the skills available in the Arab countries in the form of this vision ".

It also condemns Israeli plans and policies aimed at undermining the Palestinian economy and depriving the Palestinian people of their inalienable right to development.

The draft resolution also called on the Arab private sector to invest in projects provided by the Sudan Initiative on Arab Food Security and to organize forums to identify opportunities and areas available for Arab agricultural investments in Sudan in coordination with the Union of Arab Houses.

It was decided to welcome the continuation of the implementation of the framework plan for the Arab food security program for the period 2017-2021 and to instruct the General Secretariat and the Arab Organization for Agricultural Development to complete the their requirements and to invite Arab funds to contribute to the funding needed to achieve the Arab food security plan. Technical support projects for the member countries of the program.

Free trade area

A draft resolution on "Developments of the Great Arab Free Trade Area and completion of the requirements for the establishment of the Arab Customs Union" was decided to take note of the executive measures for the legislative development of the commercial zone by preparing integrations to complement the region's executive program to comply with the WTO agreements and similar free zones. The flow of exchanges between Arab countries.

On the liberalization of trade in services, it was decided to accept the ratification by the Hashemite Kingdom of Jordan and the Kingdom of Saudi Arabia of the Arab Convention for the liberalization of trade in services between the Arab States, the signature of the Convention by part of the Arab Republic of Egypt and the Arab States, who have submitted their programs under the Arab Convention for the Liberation of Trade in Services Among the Arab countries, take the necessary steps towards the rapid conclusion of the procedures to sign and ratify the Convention, and invite countries that are not part of the Arab Convention for the liberalization of trade in services between the Arab States to present their calendars of accession to the Yeh Convention.

Customs Union

Regarding the Arab Customs Union, it was decided to take note of the measures taken regarding the establishment of the Arab Customs Union and to invite the Arab countries to accelerate the completion of the requirements for the 39. Institution of the Union, In particular, ask the Secretariat to accelerate the completion of studies on the requirements for the establishment of the Arab Customs Union and present its results to the Member States.

"The Beirut Summit appreciated the efforts made by the Arab Electricity Council to establish the Arab electricity common market and welcomed the signing by the Arab Member States of the Memorandum of Understanding and his request for the implementation of his provisions. "

The participants decided to instruct the Arab Ministerial Council on Electricity to complete the documents on the governance of the Arab electricity market.

In the draft resolution on "Solid waste in the Arab world", the Council of Arab Ministers responsible for the environment decided to develop a framework strategy for the management of solid waste in the Arab countries.

The Arab summit in Beirut praised the role played by Arab funds in financing Arab development projects and thanked the Arab Fund for Economic and Social Development to finance feasibility studies for Arab economic integration projects and to express its availability and other funds to finance these projects.

"The Arab economic and development summit will be held tomorrow in Beirut, in the absence of leaders and Arab semester leaders (with the exception of the leaders of Mauritania and Somalia), as well as in the absence of prime ministers and even foreign ministers In 1945, as a level of representation of 22 countries by presidents and leaders to only two presidents, a precedent did not occur in the previous three economic summits, nor in the ordinary Arab and emergency summits, which approached the first 40.


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