Chambers of commerce must shape solutions for global challenges

Business Bureau, Gulf Today

Chambers of commerce from all regions of the world must align their efforts to maximise their impact and shape solutions for global economic and social challenges,  Hamad Buamim, Chairman of the ICC World Chambers Federation and President & CEO of Dubai Chamber of Commerce and Industry told chamber leaders and officials at the 11th World Chambers Congress (WCC) on Wednesday (June 12).

During his keynote speech at the opening ceremony of WCC 2019 in Rio de Janeiro, the world’s largest gathering of chambers of commerce,  Buamim called on chambers to do their part to remove barriers to global trade, adopt Fourth Industrial Revolution technologies and facilitate public-private sector cooperation in an effort to address existing challenges and trends such as climate changes, digital disruption, migration, protectionism, economic reforms and societal shifts.

“Chambers of commerce must remain ahead of the curve to ensure that they remain a vital support to businesses, helping them in turn to shape solutions to our global economic and social challenges. Collaboration is key to our shared future. Collaboration among chambers, collaboration between the private sector and governments, collaboration among nations,” said H.E. Buamim.

“Working in tandem with the International Chamber of Commerce, through the World Chambers Federation (WCF), chambers must speak up so that those you represent are heard on the global stage. In this capacity we continue to engage with the G20, helping leaders understand the views and priorities of international business, particularly SMEs, the backbone of the global economy,” he noted, adding that the WCC 2019’s theme “A Shared Future” can only become a reality once chambers of commerce and international institutions work together to promote a global trade system that puts people and planet before profit.

Buamim is leading a delegation from Dubai Chamber participating in the 11th WCC as the organisation supports the event as a Diamond Sponsor and exhibitor, promoting Dubai as a global business hub offering competitive advantages. Visitors to the Chamber’s stand were briefed on Dubai’s economy, business landscape, and investment opportunities, while they viewed models of the Burj Khalifa created from the latest 3D printing technology.

On the sidelines of the forum,  Buamim met with Wilson Witzel, Governor of Rio de Janeiro; Marcelo Crivella, Mayor of Rio de Janeiro; in addition to government, business and chamber leaders from around the world. During the meetings, participants discussed how to best coordinate efforts to facilitate trade, strengthen the WCF’s global network and empower chambers of commerce to play a more active role as facilitators of business.

More than 1,200 participants from 100 countries are attending the 11th WCC in Rio de Janeiro, including 80 speakers participating in about 25 interactive panel discussions and workshops on international trade and global chambers of commerce. Under the theme “A Shared Future” WCC 2019 is organised by the International Chamber of Commerce (ICC), the ICC World Chambers Federation, and Brazilian Confederation of Trade and Business Association.

The World Chambers Federation (WCF) is the ICC’s global forum uniting the global network of 12,000 chambers and their respective business communities. The WCF provides a platform for chamber leaders, representatives and members to communicate and collaborate with each other on matters of mutual interest and build beneficial partnerships.

Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced its plans to host the fifth edition of the Global Business Forum (GBF) on Africa on November 18th-19th 2019 in Dubai under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Organised under the theme “Scale Up Africa”, GBF Africa 2019 will bring together African and UAE government and business leaders to explore avenues of economic cooperation and facilitate bilateral trade and investment flows.

The high-level forum will place a key focus on forging the connections that will enable scale up, and explore how public and private sector players in Africa and the UAE can work together to sustainable partnerships.

“Over the years, the Global Business Forum on Africa has established itself as one of the world’s leading platforms that fosters cooperation between Africa and the UAE and positions Dubai as a global gateway for African companies. The forum offers an unrivalled opportunity for key decision makers to explore investment opportunities in Africa and forge new partnerships that pave the way for mutual benefits and economic growth,” said Hamad Buamim, President & CEO of Dubai Chamber of Commerce and Industry.