The Aims of the Union

First: in the economic development pathway

Mechanism

  • Establishing workshop sessions between Arab economic entities (economic affairs sector in the League of the Arab States and the Council of Arab Economic Unity) and the private sector.
  • Highlighting the positive outcomes resulting from upgrading the relations and coordination, and highlighting the successful real-life role models.
The desirable results
  • Upgrading coordination, conviction and compliance of Arab private sector for the purpose of promoting the policies aiming at economic development. This can help achieve the noble goals of the League of Arab States and Council of Arab Economic Unity.

Mechanism

  • Undertaking studies and researches in order to determine the reasons and factors hindering the execution of economic development decisions and essential requirements issued by League of Arab States and Council of Arab Economic Unity and making appropriate recommendations to remove all obstacles.
  • Organizing activities and events contributing to upgrading awareness of Arab private sector through providing recommendations and results included in the previous mechanism for decision-makers in the Arab economic field.
The desirable results
  • The execution of decisions and requirements of the economic development issued by the Arab League and relevant entities would lead to accelerating economic growth as a whole, achieving public welfare, raising per capita income and decreasing the effects of economic recession. Such effects include high levels of unemployment and negative social phenomena, including, but not limited to, children labor, high levels of illiteracy and crimes of all kinds.

Mechanism

  • Building a network of professional relations with economic and developmental entities in developed countries and transferring the best of their experiences to the Arab world.
  • Such experiences shall be activated and transferred on the ground through awareness and effective communication with decision makers through repeated occasions of the Union.
The desirable results
  • Increasing production capacity of the Arab private sector and achieving economic recovery.
  • Increasing rates of highly trained Arab cadres and decreasing unemployment rates.
  • Saving wasted time, effort and money by following traditional methods and adopting modern methods instead of them.

Second: in the economic integration pathway

Mechanism

  • Undertaking economic feasibility studies in the field of investment in natural and human resources and providing them to the Arab private sector.
  • Organizing activities, which focus on investment in the exploitation of Arab natural and human resources.
The desirable results
  • Depending on Arab natural and human resources in order to reach self-sustainment.
  • Obtaining a framework, which could serve as an Arab road map for the consolidation of integration efforts in such field.
  • Reserving Arab funds and capabilities in the Arab region as such capabilities contribute to increasing rates of growth and Arab cash reserve.

Mechanism

  • Calculating/determining economic professions in the Arab world through coordination with concerned ministries and relevant entities (ministries of manpower and ministries of social affairs and labor), and suggesting the minimum amount of qualifications and competencies required for such professions.
The desirable results
  • Facilitating the mission of acquiring Arab workers in a fast and appropriate way through professional standards prepared previously, and exploiting its positive effects for saving the efforts, time and money of employers and Arab working cadres.
  • Decreasing Arab unemployment rates.
  • Raising the quality of the training of Arab youth through the exploitation of experiences gained from work.
  • Preventing Arab cash leaking caused by massive cash transfers performed by foreign workers, which contribute to decreasing cash reserve and burden economy.
  • Achieving one of the components of Arab economic integration, which is the human component.

Mechanism

  • Reviewing and evaluating Arab investment opportunities presented periodically by Arab commercial and industrial chambers and providing them for the Arab private sector.
The desirable results
  • Protecting time, effort and economic money wasted in searching for new less valuable investment opportunities, which may cause the absence of already existent investment opportunities that may have integration and developmental contribution. Such contribution is not only beneficial for one of the Arab countries but also beneficial for more than one country.
  • Directing projects towards integration dimension will lead to establishing a strong Arab economic entity that may serve as a bulwark against economic catastrophes.