The President of the Union of Arab Chambers, President of the Bahrain Chamber of Commerce and Industry, Samir Abdullah Nass, met in the French capital, Paris, with the Secretary-General of the International Chamber of Commerce, John Denton. In the presence of the Secretary-General of the Union, Dr. Khaled Hanafi, the Ambassador-designate of the Kingdom of Bahrain to the French Republic, Essam Abdulaziz Al-Jassim, the First Vice President of the Bahrain Chamber, Khalid Mohammed Najibi, and a member of the Chamber’s Executive Office, Basem Al-Sa’i.
During the meeting, President of the Union of Arab Chambers, Samir bin Abdullah Nass, stressed the importance of creating a new mechanism to enhance the protection of Arab business owners from the risks of international transactions, and to provide a safe and stable environment for foreign investments in accordance with the best practices followed globally in this regard, in cooperation with the International Chamber of Commerce. Adding that the repercussions, changes, and major challenges facing global trade and international cooperation still exist and require more coordination and dialogue with all concerned parties to ensure business continuity and maintain economic expansion.
Nass explained that cooperation with the International Chamber of Commerce represents an advanced step towards contributing to the development of the human capabilities of practitioners in the legislative and legal fields by maximizing the use of the capabilities available in the 11 sectoral committees of the International Chamber to achieve progress and development and enhance the legislative role in advancing development in various economic fields. Praising the pioneering role of the International Chamber committees in enhancing cooperation between chambers of commerce, contributing to the development of legal and legislative frameworks for commercial and investment operations, and contributing to submitting proposals that respond to the aspirations of business owners and serve their interests in a way that benefits their communities.
In turn, the Secretary-General of the Union of Arab Chambers, Dr. Khaled Hanafi, stressed the importance of transferring the expertise and successful experiences of the International Chamber of Commerce to Arab countries to approach the development process with regard to the areas of competitiveness, intellectual property, digital economy, logistics, maritime transport, and the formulation of international laws.
He explained that strengthening joint work with the International Chamber of Commerce gives the Arab Chamber a wider space in the various issues of the International Chamber and makes it more effective and responsive to the needs of Arab business owners at the external level. In addition to contributing to advancing the proposals and opinions of the business community in everything related to foreign trade and increasing awareness of commercial frameworks and legislation.
He noted that strengthening cooperation with the International Chamber of Commerce, as the largest trade organization in the world, would contribute to creating a favorable environment for private sector activity capable of global competition and confronting changes in the international market arena. Considering that the cooperation with the International Chamber of Commerce in the field of mediation and commercial conciliation is reflected in the legal services in the commercial field provided to the Arab business community, resolving commercial disputes, and contributing to introducing businessmen and investors to the legal procedures adopted in their commercial relations, and the role of this in developing and developing economic relations and increasing the volume of investments. Pointing to the importance of expanding relations, exchanging information and knowledge about arbitration and dispute resolution, and benefiting from the International Chamber’s long experience in settling commercial disputes, which contributes to enhancing the competitiveness of the Arab business environment as it is an advanced, contemporary environment that keeps pace with changes in the business community.
For his part, the Secretary-General of the International Chamber of Commerce, John Denton, welcomed the constructive cooperation with the Union of Arab Chambers and the Bahrain Chamber of Commerce and Industry in drafting commercial laws, transferring expertise, and resolving commercial disputes. Emphasizing the importance of the pioneering role adopted by the Arab Chambers in establishing new standards for serving the business community within the framework of its effective role in preserving the interests of its members.
He pointed out that this is commendable and contributes to the development of business in a sustainable manner, expressing his full readiness to provide all aspects of support to the Arab Chambers to achieve their desired goals.
Source (Union of Arab Chambers)
