A regional summit of the World Chambers Federation (WFC), hosted by the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), kicked off on Tuesday within the nation’s sprawling metropolis of Istanbul.
The World Chambers Federation’s first Europe and Asia regional summit is being held with the theme “A Collaborative Approach to Climate Action.”
The occasion’s focus is on offering info on the most recent developments in local weather change and elevating consciousness of the practices that chambers and the business group are implementing in response to local weather danger issues, together with funding plans, company methods and company social obligations, based on organizers.
Over 800 businesspeople from 62 international locations are attending the two-day occasion, which brings collectively sector professionals, officers, consultants and representatives from the non-public sector and establishments.
“Combating climate change is our main agenda at the Europe and Asia summit. At the summit, we emphasized that free and fair trade is our priority. We are very concerned about the rise of protectionism, which threatens global trade and businesses, especially SMEs,” Rifat Hisarcıklıoğlu, the pinnacle of Türkiye’s Union of Chambers and Commodity Exchanges and president of WCF, stated in a publish on X.
“Recent protectionist trends, especially in the field of technology, pose risks to global trade,” he added.
Speaking on the occasion, he stated: “We believe that the World Trade Organization (WTO) needs to be reformed so that global trade can remain fair and competitive.”
Hisarcıklıoğlu stated 75% of worldwide commerce is ruled by WTO guidelines, which offer stability and predictability. “To meet the challenges of the 21st century, we must work together to preserve and improve these rules. The business world must actively support these changes,” he confused.
As a part of his remarks, he pointed that Istanbul is likely one of the most vital business facilities on the planet, connecting the continents.
He additionally highlighted the importance of the local weather theme of the occasion, referring to the upcoming COP29 summit to be held in Azerbaijan, expressing the hope that the alternate of concepts and discussions would contribute to the worldwide objectives.
The occasion gathered prime officers and representatives of different commerce chambers from the broader area, ranging from Azerbaijan, Egypt to Kyrgyzstan and Uzbekistan.
Environment, Urbanization and Climate Change Minister Murat Kurum additionally attended the opening of the summit.
“I hope that our Europe and Asia summit will offer new opportunities to our businesspeople and lead to new projects,” Hisarcıklıoğlu stated.
Source: www.dailysabah.com