Arab League’s Economic and Social Council Meeting held in Cairo

Arab_Economic_Meeting

Economic and Social Council’s regular session (108th), was held on September 2, 2021 at the headquarters of the General Secretariat of the Arab League in Cairo.

The Council approved and sanctioned multiple recommendations pertaining to economic and social issues in the Arab region. This included follow-up on the implementation of the decisions that were taken in the council’s 107th session. Additionally notes were taken related to the economic and social files submitted to the League at the summit level in its 31st session. The most important developments are the Progress made in implementing the Greater Arab Free Trade Area, the Arab Customs Union, the Arab Strategy for the Peaceful Uses of Atomic Energy, the Arab Program for Food Security sustainability and the Arab Sustainable Agricultural Development Strategy.

Other approved projects include United Arab Emirates’ space programme initiative, progress of Arab Group for Space Cooperation and the Arab Satellite Project, and its initiative on the Arab vision of the digital economy. Council also approved session’s focus work on the Greater Arab Free Trade Area and its most recent executive and technical meetings, along with the Aid for Trade Initiative for Arab States (AfTIAS).

The Council has decided to extend complete support to the United Arab Emirates’ request to host the 28th session of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP28) in Abu Dhabi in 2023. It also welcomed the Arab Republic of Egypt hosting of the activities of the 27th session of the conference scheduled in 2022.

Discussions were carried out by Council for investments in Arab countries. Talks were also done over Libya’s hosting of the 19th session of the Conference of Arab Businessmen and Investors scheduled to be held on 7 -8 of November 2021 in Tripoli.

Review by the council was conducted about progress made in completing the Unified Arab Economic Report 2021 along with provision of the required support to the Palestinian economy to help tackle its financial crisis caused by the Coronavirus pandemic and arbitrary Israeli measures.

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