Dear Members, Partners & Friends of AACCI,
I wish to update you on AACCI’s position and measures being observed in Australia and across MENA which have a direct impact on all of us.
Firstly, the G20 emergency video summit took place yesterday. His Highness King Salman Bin Abdulaziz Al Saud chaired the meeting via video link from Riyadh where countries agreed to inject US$5 trillion (AUS $8.2 trillion) into the global economy. This development reflects the gravity of the global situation we find ourselves in and the need to work collectively in coordinating all efforts to navigate the challenges we face.
The economic stimuli measures that the Australian Government has announced are being assessed by the Chamber and we are currently looking into how we can be of assistance in supporting our members where needed.
Many MENA countries have not closed commercial trade routes and in this regard, there are positive signals coming from some countries where ports remain open and fully functioning for both import and export movements. AACCI is aware however of the potential impact to some of our members due to disruptions to international air cargo logistics.
As a Chamber, we are working to keep the supply chain buoyant. We are seeing an exchange of issues and ideas which are driving the action required to enable international trade to continue. Of note, I wish to acknowledge the efforts of our Treasurer Mr Mohamed Hage, in providing enlightenment on the financial circumstances and in this regard, steering the Chamber and indeed our members best interests through this very difficult phase.
The Chamber remains committed in supporting all export certification documentation requirements and we are also moving rapidly to serve as an important conduit between business, industry and the Government during this crisis.
Finally, AACCI is reaching out to all members in an effort to gather critical information to aid in establishing advocacy channels direct to Government and I encourage you to please participate in this important survey.
Roland Jabbour OAM
President and National Chairman
Australia Arab Chamber of Commerce and Industry