New Delhi, November
14: The largest ever Indo-Arab conference convened on private initiative ended
here this week after two days of brainstorming on how to boost mutual business,
trade, cultural and people-to-people relations.
The significance of
the meet can be gauged from the fact that five Union cabinet ministers, the
prime minister and the Delhi chief minister were among people who interacted
with the delegates. On the Arab side, the representation was on a similarly (if
not equally) high level. The lone non-Arab foreign delegate was Malaysia’s
former deputy prime minister and major Asian policy thinker, Dr Anwar Ibrahim.
Business leaders and top executives of major financial institutions, opinion
makers and academics completed the picture.
At the end of the
conference (organised jointly by Institute of Objective Studies and Indo-Arab
Economic Cooperation Forum), the delegates passed a number of resolutions that,
according to the forum president, Dr Mohammad Manzoor Alam, is going to have a
"far-reaching effect on mutual relations across the board". The following is the
text of the resolutions:
The global economic architecture is visibly
transformed in the New Millennium. Finance, resources, technology and markets
are no longer the preserve of the developed world. The developing countries
today possess not only markets and resources but also commandeer cutting-edge
technology and surplus investible funds to drive global businesses.
The power shift has
given new meanings to South-South Cooperation, particularly between regions that
are economically and culturally contiguous. India and the Arab World share
deep-set economic and cultural linkages, and are both on the ascendant in the
emerging global economic cycle of prosperity.
The two regions are
now poised to leverage the complementarities in the realms of trade,
investments, and sharing of technology and expertise, to forge a strong
partnership in development. The growing partnership, in time, will give spurs to
the cherished economic integration of an economic market - the Asian- Arab
for high-level Indo-Arab partnerships, but there is a greater need for wider
dissemination of knowledge and information in this regard
Economic Cooperation Forum envisages a comprehensive partnership between
India and the Arab world that extends beyond economic relations to
facilitation of high growth and sustainable development in the two regions.
In time to come, the Forum will impress upon
the participating countries to extend to each other preferential
treatment in the areas of trade, investment, human resources and
The Forum hopes that in the medium-term, the
regional integrative aspirations would translate into the forming of an
Asian -Arab Monetary Union.
The Indo-Arab Economic Cooperation Forum promotes
the participation of both large and medium sized companies and organisations
in evolving partnerships. To facilitate this, the Forum shall extend
affiliations to business groups and research bodies working towards building
The Forum has
constituted high-level committee.
1. Dr. M. Manzoor Alam
2. Mr. Santosh Bhartiya
3. Mr. Vipin Malik
4. Mr. Ravi Kishore
1. Mr. Rashid Al-Suwaiket
2. Dr. Abdulrehman Al-Khareiji
3. Dr. Samir Q. Fakhro
4. Dr. Sulaiman Al-Qimlas
The mandate of the Committee will be:
1. To take members from other Arab countries with
equal representatives from India.
2. To form sub-committees
Particular attention will be focused on
emerging areas of cooperation, knowledge services such as, infotech,
biotechnology, finance and banking and the like.
The Forum shall work to constitute an
empowered group to facilitate a better understanding of the reciprocal
tax arrangements/revamping, trade and investments, and financial
regulations governing markets in the region.
The Forum shall also seek to establish a
robust mechanism for seamless flow of information pertaining to business
opportunities, transfer of technology, sharing of expertise and human
capital including easing travel facilities between the two regions.
Further, to bring the youths of the two
regions on a common platform, the Forum shall impress upon the
governments to create opportunities for students from the two regions to
pursue higher education in specialized streams in the participating
Economic Cooperation Forum is a non-governmental organisation. The Forum
maintains the highest degree of independence in its functioning and shall
strive to liaison with the government agencies to give expression to the
stated goals of Indo-Arab partnership for development.
To meet the demand of time, the Forum shall
provide information and analysis to individuals and groups on an
maintains its financial autonomy and will continue to provide research
and consulting services while observing the highest standards of
accuracy and objectivity.
Economic Cooperation Forum shall seek to open chapters in the Arab world to
promote the spirit of Indo-Arab partnership for development.
In so doing, due attention will be directed
towards promoting cultural exchanges between the two regions.
With the concurrence of the Arab world, the Forum
shall hold annual conferences on Indo-Arab partnership for development in
the participating countries on a rotational basis.g