News

28 Jul 2020

COVID-19 impact on trade and investment

Screenshot from the event

Since the outbreak of COVID-19, States have had to rethink the administration of cooperation agreements and strategies for production, export and foreign investment attraction.
 
To discuss those issues, the Islamic Centre for Development of Trade (ICDT), in collaboration with ESCWA, the Islamic Development Bank (IsDB), the Economic Community of West African States (ECOWAS) and the League of Arab States (LAS), held a webinar on 23 July on the “Impact of COVID-19 on Regional Integration of Intra-OIC Trade and Investment”.
 
In her intervention, ESCWA Executive Secretary Rola Dashti presented six sets of priorities that can guide the region in building back better: removing all barriers on imports and exports; diversifying supply chains; rethinking multilateral trade negotiations; encouraging quick and significant financial support; strengthening regional cooperation; and providing a swift emergency national policy response to protect vulnerable businesses.
 
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