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Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration

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Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration Empty Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration

Post by claud39 on Thu Aug 29, 2019 7:55 am

Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration


29/08/2019



Kasasbeh: Reconstruction of conflict-affected Arab countries is a step towards Arab economic integration Rc_156705860695_23







The former Minister of Finance, Dr. Hamad Al-Kasasbeh, stressed that the reconstruction process in the Arab countries affected by the conflict is a unique opportunity to accelerate the pace towards Arab economic integration, especially that the division proved that it is not in the interest of all Arab countries and that it has fallen easy prey to the covetous international powers and even regional powers struggling On the influence in the Arab region, taking advantage of the instability prevailing in some countries and the wide divisions between the Arab political systems that stimulated the process of polarization for the purposes of international and regional powers.

This came in his speech during the work of the Arab Forum for Reconstruction in the Arab Countries Affected by Conflicts recently organized by the Arab Union for Free Zones and the Arab Union for International Exhibitions and Conferences, saying that the convening of this forum comes at a time when our Arab region is experiencing difficult and extremely complex political situations like never before. It has previously, especially those countries living in unstable internal conditions, which led to the destruction of their infrastructure and superstructure alike, which reflected negatively not only on these countries but also on other Arab countries in general. 


Perhaps the issue of Arab economic integration, which has been going shyly over the past years, requires all Arab countries to give it the greatest attention at these times, especially as the international political forces are exploiting the situation of the Arab division in their favor as a result of the attitudes and closures that prevail in most Arab countries these days.

He added that the reconstruction process faces a wide range of challenges, most notably the continuing instability and unrest in a number of Arab countries, with no prospects in the near term to end internal conflicts. 

The second challenge is to provide a stable internal economic environment that is attractive to investments, free from administrative and legislative complications, open to the outside world and free from constraints, in addition to the huge financial resources needed for reconstruction. The World Bank estimates that the cost of destruction and lost growth opportunities in the Arab countries that have witnessed Conflicts between 2010 and 2018 amount to about $ 900 billion.

Regarding the role of Arab economic integration in the reconstruction process, Kasasbeh stressed that the current Arab circumstances do not call for optimism that Arab economic integration can play a tangible role in the process of reconstruction and construction in the four Arab countries due to the absence of Arab political will to accelerate the integration steps.





http://www.uabonline.org/en/news/arabicnews/15751604160315871575158715761577157315931575158315/67231/0
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