The Vice-President of the Federation of Islamic Chambers of Commerce, Industry and Agriculture, President of the Federation of Egyptian Chambers of Commerce, Ibrahim El-Arabi, called for "Economic Integration between Islamic countries in order to enter regional and global markets, by overcoming the challenges that are evident in the global economy today." During his speech at the meeting of the Federation of Islamic Chambers held in the Kingdom of Saudi Arabia, Al-Arabi stressed that "the global economy has witnessed, during the past few years, many challenges affected by the negative economic results of the "Corona" pandemic, and global markets are currently witnessing a significant decline in Supply Chains and International Transport.”
Al-Arabi considered that "the only way to cross this critical and important stage will come only with the cooperation and integration of the relative advantages of the Islamic Union countries," stressing that "the integration of our multiple comparative advantages for production and manufacturing to enter the regional and global markets, is the way to develop our commodity and service exports,” referring to “the necessity of exploiting the free trade zones that allow our products to enter the markets of all global economic blocs without customs duties or quotas.”
Al-Arabi called for participation in the economic renaissance movement that Egypt is currently witnessing, stressing the commitment to harnessing all the capabilities of the Egyptian Federation of Chambers of Commerce to provide training opportunities in the Egyptian and Arab merchant academies, to support the development of the commercial and Islamic community.
Source (Al-Sharq al-Awsat Newspaper, Edited)
