Allocution du Président de la République lors de la 5e session du Sommet arabe du développement économique et social
Summary of President Abdelmadjid Tebboune’s Address at the 5th Arab Economic and Social Development Summit
Introduction and Context:
On Saturday, during the 5th session of the Arab Economic and Social Development Summit in Baghdad, President Abdelmadjid Tebboune of Algeria delivered a significant message, read by Foreign Minister Ahmed Attaf. The summit aims to tackle crucial issues regarding political, diplomatic, and security priorities in the Arab context, highlighting economic development as equally vital.
Economic Development and Security:
Tebboune emphasized that economic development should not be viewed as secondary but as intertwined with national security and the overall well-being of Arab nations. He called for utilizing the potential of Arab peoples for current and future generations, underlining that every Arab country deserves a stable and prosperous environment.
Three Main Pillars of Economic Integration:
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Solidarity with Struggling Nations:
- The president insisted that Arab solidarity is crucial, starting with Palestine and extending to other nations facing crises. He noted that stability and prosperity in the region hinge on addressing injustices and aiding recovery in war-torn countries.
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Need for Real Economic Integration:
- Tebboune criticized the low level of inter-Arab trade, which currently stands at only 8% of total Arab trade with the rest of the world. He highlighted the disparity in economic activities between Arab countries and emphasized that achieving genuine economic integration should no longer be an unrealized dream.
- Implementation of Trade Agreements:
- Full execution of the Greater Arab Free Trade Area (GAFTA) is essential, along with improved transport connectivity and the establishment of necessary banking and financial mechanisms to enhance inter-Arab investment and trade.
Algeria’s Role in Economic Initiatives:
Algeria considers itself a key player in fostering economic partnerships among Arab nations. Since joining GAFTA in 2009, it has supported various investment and financing institutions while promoting land, maritime, aerial, and energy interconnections.
Embracing Technological Advancements:
The president called for Arab nations to keep pace with global technological advancements, particularly in renewable energy, digitalization, artificial intelligence, robotics, and nanotechnology. He argued that these sectors are vital for the future and require a collaborative effort to ensure the Arab world does not lag behind in significant global changes.
Conclusion:
In closing, Tebboune reaffirmed Algeria’s commitment to enhancing economic cooperation among Arab nations, striving for equitable development and active participation in the global economic landscape. He expressed gratitude for the audience’s attention and invited collaborative efforts to ensure a secure and prosperous future for all.
Key Messages:
- Economic development and national security are interlinked.
- Solidarity and support for crisis-hit nations are imperative.
- Realizing inter-Arab economic integration is essential, and current levels of trade are inadequate.
- Algeria is committed to playing a pivotal role in fostering collaboration and pursuing technological progress in the region.
- Joint efforts are needed to shape a prosperous and secure future for Arab peoples.
