Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani has led the Chamber’s delegation participating in the 132nd meeting of Board of Directors of the Union of Arab Chambers (UAC) which was held on February 21 in Cairo.
The delegation also included QC board members Mohamed bin Ahmed Al Obaidly and Rashid bin Nasser Al Kaabi, as well as Economic Advisor Dr. Mohamed Ibrahim, and Head of Public Relations Department Ahmed Abu Nahyia.
The meeting touched on several issues and topics that are related to the Arab private sector, activities, and events the Union held last year and the work plan for the year 2022 in addition to reviewing reports and recommendations of the financial and executive committees. Discussions also focused on updates of the global economy and business environment and other issues that help in boosting Arab cooperation in economic and commercial spheres.
In a statement, Sheikh Khalifa stressed the leading role played by the Union in activating the intra-Arab trade and supporting the Greater Arab Free Trade Area (GAFTA) to achieve the Ara common market, underscoring the importance of developing cooperation and working to highlight the most prominent areas and investment opportunities available in Arab countries, as well as facilitating the establishment of mutual investments that attract foreign investments, localize investments in Arab countries, and support the growth of inter-Arab trade.
Sheikh Khalifa also underscored the Qatar Chamber’s support for support for the Arab joint action in the various economic and commercial fields, stressing the need to strengthen intra-Arab trade, which is still below the level of ambition, because of its importance in achieving the desired Arab economic integration. He added that Qatar Chamber will continue to coordinate with various Arab Chambers to achieve this goal.
It is worth mentioning that the UAC aims to achieve Arab economic integration within a comprehensive, effective, and developed framework so that it can deal and cooperate with other economic blocs on an equal bases that ensure the interests of all parties and contributes to the achievement of global prosperity and the representation of all economic sectors on the Arab, regional and international levels.