Sana'a - Saba:
Parliament Speaker Yahya Ali Al-Ra'i met today with Vice President of the General Federation of Chambers of Commerce and Industry in the Republic, Mohammed Salah, and a number of businessmen, representatives, and members of the chambers of commerce and traders.
The meeting discussed the role of the General Federation of Chambers of Commerce and Industry, businessmen, and traders in promoting development, especially in light of the exceptional circumstances facing Yemen due to the repercussions of the aggression and blockade. They also discussed the importance of cooperation and coordination to find appropriate solutions.
The Speaker of Parliament heard from the Vice President of the Federation of Chambers of Commerce and Industry and businessmen about the efforts being made to advance the commercial and production sectors in light of the difficulties facing the industrial and commercial sectors as a result of the repercussions of the aggression and blockade.
They explained that the aggression and blockade have weakened purchasing power, which requires providing incentives and facilities to traders and investors. They emphasized the need to address some of the challenges facing the industrial and commercial sector and find solutions that provide all necessary facilities for national capital, which has been resilient in the face of aggression and blockade, especially in light of the exceptional circumstances facing the country.
They emphasized the need to unify all efforts to encourage investment, prevent monopolies, attract new projects, and create an appropriate investment environment for developing national industries, reviving stalled projects, and stimulating local production inputs.
In the meeting, which was attended by several members of the House of Representatives and the Assistant Secretary-General of the House, the Speaker of the House welcomed the Vice President of the Federation, members of the Chambers of Commerce, businessmen, and traders.
He emphasized the importance of strengthening partnerships between the private sector and various government sectors to strengthen the national economy in the face of all conspiracies targeting Yemen.
Yahya Ali Al-Ra'i highlighted the importance of cooperation and coordination between stakeholders in the government, public, and mixed sectors to create an attractive investment environment that will contribute to achieving sustainable economic development, especially given that the Investment Law focuses on enhancing local production, providing tax and customs incentives and exemptions, facilitating procedures, and protecting investors.
He expressed hope that the private sector would redouble its efforts to enhance partnership and competition in developing and improving the economic situation and serving development sectors and industries that rely on local production inputs.
He emphasized the importance of cooperation and coordination to find solutions and remedies to all problems impeding the performance of investment, industrial, and commercial sectors.
For his part, the Vice President of the General Federation of Chambers of Commerce expressed the Federation's appreciation for the efforts of the Speaker and members of Parliament, their support, and their understanding of the concerns and suffering of investors and businessmen.
He emphasized the importance of strengthening partnerships and taking into account the exceptional circumstances and weak purchasing power the country is experiencing as a result of the repercussions of the aggression and blockade.