Great acceptance of the Recovery plan for the Mediterranean by leading organisations and partners

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ASCAME has shared its ‘Recovery Plan and New Economic Model for the Mediterranean’, which was launched a couple of months ago, with the main national, regional and international governmental and non-governmental institutions. As a result, it has received very positive and encouraging responses to all international collaborative activities specified in the plan, which are already underway and will be intensified in the coming months.

The Plan has been shared with Chambers of commerce, institutional partners, governments, development and investment banks, tourism, logistics and innovation associations and organisations, among others, with the aim of joining  forces with the main actors in the region and beyond  to implement it and work together for the  economic recovery.

ASCAME has received very interesting and hopeful feedback  and contributions to the plan from leading organisations such as the European Union, the European Bank for Reconstruction and Development, the World Tourism Organization, the European Investment Bank, the Organisation for Economic Co-operation and Development and Mediterranean governments among many others.

The ASCAME ‘Recovery Plan and New Economic Model for the Mediterranean’ includes more than 100 initiatives to reactivate the most affected sectors after the COVID-19 crisis, such as tourism or the automotive industry, and also lays the foundations for a new economic model that is inclusive, integrated and sustainable for the region.

ASCAME and its members, the main representatives of the Mediterranean private sector have participated in the creation of this plan in various meetings coordinated by ASCAME, where it has been possible to get an extensive vision of the region and the problems faced by each country.

The Recovery plan is complementary to the ASCAME 2018-2022 Strategic Plan that is currently being applied under the mandate of President Ahmed M. El Wakil.

Chambers of Commerce are key in the process of recovery of the region, taking into account their network in the territory and their knowledge of the real problems of the companies. This was demonstrated at the conference on chambers of commerce held in July and attended by dozens of Mediterranean Chambers of Commerce.

ASCAME is optimistic about the implementation of the Recovery Plan and hopes that in the coming months concrete initiatives will see the light of day and new actors will join a strong and coordinated recovery process.

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