Cairo, Member of the Board of Directors of the Bahrain Chamber of Chamber of Commerce and Industry (BCCI), Sonya Mohammed Janahi, has underlined the keenness of the kingdom, based on the directives of His Majesty King Hamad bin Isa Al Khalifa, to support all joint Arab action mechanisms in the face of the current challenges.
She pointed out that the 47th Arab Labour Conference, hosted by Egypt under the patronage of President Abdul Fattah Al-Sisi, presents a vision on issues related to the work environment and workers, which is shared by all Arab countries, including Bahrain.
While leading BCCI’s delegation to the conference, Janahi said that Bahrain has taken important steps regarding the field of work, and created an integrated framework between the three production parties in order to enhance the good governance of work and improve the outputs of the labour market.
She indicated that BCCI has given priority to labour issues, which has reflected positively on the production process in the kingdom, making it stable and secure under all circumstances and at all times.
She extended, on behalf of BCCI and the business community in Bahrain, sincere thanks and appreciation to Egypt for hosting the current session of the conference, lauding the role played by the Arab Labour Organisation (ALO) to serve the three production parties.
She lauded the report presented by ALO Director-General to the 47th session, entitled “Entrepreneurship and Small Enterprises the Road towards Sustainable Development and Empowerment”, stressing that the unprecedented challenges faced by the world due to the outbreak of the Coronavirus pandemic have affected the economic, social and health conditions, which required making changes and reforms to reach recovery on the one hand, and stimulating innovation and enhancing the spirit of competition, especially among entrepreneurs and owners of small and medium-sized enterprises, on the other.
She asserted that the small and medium-sized enterprises (SMEs) have played a crucial role in the development process in Arab countries, noting that the problem of financing is the main obstacle facing SMEs, prompting BCCI to include important recommendations during the annual conference of its standing committees to address the issue and support them during the pandemic.
She added that BCCI, out of its responsibilities and obligations towards the Bahraini private sector, believes that it is necessary to establish financial funds to support small and medium enterprises in cooperation with local banks, noting that banks should adopt specific, clear and realistic indicators to finance these institutions.
Sonia Janahi stressed the importance of raising the level of cooperation among Arab countries through unifying customs procedures and adopting a unified formula to create a stimulating environment for export and economic integration, adding that the unification of customs procedures will undoubtedly pave the way for entrepreneurs and owners of small and medium enterprises to enhance trade exchange among them, without any obstacles.
Source: Bahrain News Agency