Jweili for pushing inter Arab trade; imports at $ 140 billion

The secretary general of the Arab economic unity council Ahmad Jweili has stressed the need of reactivating inter- Arab trade and the Arab tourism movement and to work for attracting Arab capital invested abroad in order to be invested in projects that serve all Arab states.

In a statement he made in Cairo on Monday, Jweili underlined the importance of revitalizing the common Arab market which constitutes an economic need for all Arab states.

Jweili said Arab imports are estimated at $ 140 billion bought by different parts of the world while the volume of inter- Arab trade is $ 14 billion. A matter which stresses the need of reactivating inter Arab trade and the Arab tourism movement. He stressed the need to attract Arab investments as these Arab investments do not exceed $ 15 billion during 15 years while Arab investments abroad are estimated at $ 800 billion annually.

He called for the need of revitalizing the role played by universities and Arab research centers to encourage renovation and acquiring new skills in the area of technology, telecommunications, communications, and manufacturing to use in various fields that serve all walks of economic life in the Arab states.

Jweili underlined the importance of revitalizing the common Arab market which constitutes an economic and political need to eliminate the economic gap, unemployment.