Italian-Arab Chamber of Commerce restarted in Naples

Aims at dialogue with institutions, online opportunities

26 February, 17:36

    (ANSAmed) - NAPLES, FEBRUARY 26 - After years of slow decline, the Italian-Arab Chamber of Commerce (IACC) on Wednesday declared itself ready for renewed action with a program to increase connections between economic institutions in member countries while using online channels for more targeted research into economic opportunities.

    Relaunching the IACC is one of the aims of the Mediterranean Parliament for Peace, Cohesion and Development of Peoples, which is presided by Aurelio Punzo and which met Wednesday in Naples to discuss the ''Outlook on Southern Italy's reinforced economic presence in Mediterranean markets''.

    The meeting at Bank of Naples headquarters was attended by key figures from the financial, entrepreneurial and diplomatic worlds, including a Somali government delegation led by Mohamed Nur Sheikh Ahmed, who is the adviser to the Somali prime minister, Attilio Funaro, who is the acting vice president of the Mediterranean Parliament, and Enrico Martusciello, who chairs the Mediterranean Parliament foreign trade committee. Relaunching the IACC will be based on the potentially high growth margins in trade relations between area countries, said Ambassador Antonio Badini, a professor at the Guido Carli International Free University for Social Studies in Rome.

    This is thanks to the fact that ''the economies of Arab countries complement the Italian one, which is characterized by the strong development of technologically advanced small and medium businesses. The IACC can boost its natural connections with economic institutions in Arab countries, facilitating the formation of entrepreneurial partnerships'', Badini said.

    ''We need to reorganize the IACC based on the online search for trade opportunities as well as the creation of contact points for sectors and single geographical areas'', he added.

    ''We must move beyond current management, which has become obsolete and which still clings to ancient privileges dating back to its founding in 1972''.

    Italy's ambassador in Cairo, Maurizio Massari, who attended via video conference, illustrated the current political and economic situation in Egypt and the outlook on future possibilities.

    ''If Europe takes the development of Mediterranean countries into account as much as it should, Italy and its South in particular stand to gain, for in spite of their difficulties those countries are growing at a yearly rate of at least 3%'', Bank of Naples President Maurizio Barracco said.

    ''Our Intesa Sanpaolo Group is ready to accompany and stimulate that development, also in concert with institutions that are already present in Mediterranean countries, such as the Bank of Alexandria in Egypt'', he concluded. (ANSAmed).

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