The Meeting of the Standing Committee on Economic, Social and Environmental Cooperation of the Parliamentary Assembly of the Mediterranean (PAM) was organized in Milan on 4-5 July 2019. The Meeting was dedicated to the topic “Alternative Capital Markets for economic growth in the Mediterranean - The Critical Role of Parliamentarians” and was co-hosted by the Italian Stock Exchange (Borsa Italia). The representatives of international financial institutions, the UN, the EU, the national and regional business community and the economic academic community were among the participants. The PABSEC at this Meeting was represented by Mr. Asaf Hajiyev, PABSEC Secretary General.
Aim of the meeting was to explore, both from a legislative and technical perspective, how PAM parliamentarians can foster a sustainable and inclusive development business model in the Euro-Mediterranean region, in accordance with the current technological and financial progress. The meeting enabled MPs and experts to share best practices and experiences in addressing those critical legislative and technical obstacles hampering the further development of the private sector.
In his speech, the PABSEC Secretary General informed on the activities of the PABSEC in the framework of the Economic, Commercial, Technological and Environmental Affairs Committee on the reports and recommendations adopted in the area of developing capital markets and effective economic growth.
On the sidelines of the Meeting, the PABSEC Secretary General met with Mr. Sergio Piazzi, PAM Secretary General and discussed the prospects for enhancing the cooperation between the two assemblies.
The PABSEC Secretary General met with Ms. Amal Al Qubaisi, Speaker of the Federal National Council of the United Arab Emirates. The Speaker showed interest in the activities of the Parliamentary Assembly of the Black Sea Economic Cooperation and expressed wish to establish relations with the PABSEC. She invited the PABSEC Secretary General to the United Arab Emirates.