(Europe and Arab countries seek new forms of industrial cooperation. At the second European-Arab Symposium?
(Europe and Arab countries seek new forms of industrial cooperation. At the second European-Arab Symposium for industrial cooperation in Montreux on Lake Geneva practical ways of building industrial bridges between Europe and the Arab countries became clearer. After the first symposium in the Autumn of 1976 a permanent committee was forned. The committee was made up of important European and Arab bankers. Now the committee will be extended to include well-known industrial concerns so that the bankers will have immediate access to the right industrial partners. The most important guest at the opening session of the symposium was Crown Prince Hassan of Jordan. He made a remarkable recommendation for practical cooperation : He proposed that a European-Arab center for technological transfer should be set up and he suggested that Amman should be the seat of this institute. 1000 participants from 43 countries took part in the symposium. The focus of all their speeches and bi-lateral discussions was : the securing of a communal industrial future for "The time when oil supplier dry up".)
SYNOPSIS: Eurabia-tomorrow's super-power? And there is enough money and technology in this European-Arab partnership to justify this prognosis.
Money and technology were the central themes of the second European-Arab symposium for industrial cooperation. The symposium was held in picturesque Montreux, on the banks of Lake Geneva.
1000 government, baking, and industrial representatives from 43 countries were invited to the symposium by the European Management Forum. The aims of this second conference were to establish ways of improving practical economic cooperation. In order to further these aims, a permanent Arab European Council consisting of banking and industrial representatives will be set up. It will be headed by Professor Zuhayr Mikdashi from Libya. Here he is welcoming the delegates.
A suggestion was also made to further permanent economic cooperation. This suggestion came from Jordan's Crown Prince Hassan who proposed the establishment of a permanent European-Arab Technological center. He also suggested that the centre be built in Amman. This institute would also enable European industrialists to participate more effectively in the establishment local Arab industries-particularly in countries without oil. The aim of all these efforts should be to raise the standard of living.
The congress in Montreux lasted for three days. Delegates at the congress sought ways of improving such cooperation in their own economic field during bi-lateral talks and other discussions. The dimensions of European-Arab economic exchanges make an overall coordination such as is planned by the new Business Council, vitally important.
Imports from the European Community to the Arab League countries have increased by 578 percent since 1970. Imports in the other direction have trebled. West Germany plays a leading role in European-Arab trading. The Manager of the West German Commerz Bank, Dicken elaborates:
"After all the OAPEC countries do business with Germany which is double the amount of business that Germany does with East bloc countries. So from that point of view, Germany has a vital interest in good relations with all the countries in the Arab world".
Economic cooperation as a basis for closer relations.