The first conference for the Arab private sector

Well-informed political sources at the general Secretariat of the Arab League (AL) have stressed that the first Arab economic conference of the Arab private sector and businessmen will be held in June 2002.

The sources attributed the postponement of convening the conference for several reasons relating to current regional and international conditions and also to ensure good preparations for this conference to provide for its success.

The sources added the ultimate aim is to give a push forward to inter- Arab trade and economic cooperation and the contribution of the private sector of a greater role to improve the inter- Arab trade movement which does not exceed 8% of the foreign trade volume.

However, news reports noted the AL inclination to postpone the conference until May 2002, but AL high ranking sources stressed it will be held in June, 2002.

Worthy mentioning that this conference was approved by the first Amman's conference as to be held November this year but it was postpone until March 2002 and then until June 2002.