In a significant move to bolster the business environment in Sfax, Tunisia, the Chamber of Commerce and Industry of Sfax organized a meeting with various regional professional organizations. The gathering aimed to explore ways to enhance the services of the Arbitration Center, also known as "Al-Muhakkim," and activate its role in resolving commercial disputes. This initiative is part of the chamber's efforts to revitalize the center, which was established in 2016.
The meeting saw the participation of representatives from several prominent organizations, including the Regional Union of Industry, Trade, and Traditional Industries, the Tunisian Confederation of Citizen Enterprises, and the Regional Union of Agriculture and Maritime Fishing. Other attendees included representatives from the Arab Institute for Heads of Enterprises, the Young Entrepreneurs Center, the Regional Trade Union of Real Estate Developers, and the Sfax Lawyers Association. The meeting also featured the presence of Murad Al-Jamal, head of the Scientific Council for Arbitration, and Imad Al-Masadi, a member of the council.
Habib Al-Hamami, head of the Sfax Chamber of Commerce and Industry, emphasized the importance of arbitration as an effective mechanism for resolving disputes. He highlighted that this method can help maintain business relationships and provide a more reassuring environment for investors and economic operators. For his part, Hisham Al-Loumi, general manager of the chamber, explained that the Arbitration Center is part of the chamber's role in promoting the business climate and providing a more secure framework for Tunisian and foreign economic operators.
The discussions during the meeting focused on the advantages of resorting to arbitration, including the speed of resolving disputes, preserving commercial relationships, flexibility in international transactions, and the neutrality of arbitrators. The participants also explored ways to promote the center's services and encourage its use, particularly among small and medium-sized enterprises. By supporting the Arbitration Center, these organizations aim to contribute to the development of a more favorable business environment in Sfax.
The representatives of the participating organizations expressed their readiness to support the Arbitration Center and contribute to promoting its services. This move is expected to help spread a culture of arbitration and raise awareness about its benefits. By working together, these organizations can help create a more efficient and effective system for resolving economic disputes in Sfax, which can have a positive impact on the region's economy.
The Sfax Chamber of Commerce and Industry has been actively working to enhance the business environment in the region. The establishment of the Arbitration Center in 2016 was a significant step in this direction. By engaging with various professional organizations, the chamber aims to ensure that the center becomes a valuable resource for businesses and economic operators in Sfax. This collaboration is expected to lead to increased use of arbitration as a means of resolving disputes, which can help reduce the burden on the judiciary and promote a more business-friendly environment.
The agreement among these professional organizations to support the Arbitration Center is seen as a positive development for the business community in Sfax. By working together, these organizations can help promote a culture of arbitration and provide a more efficient and effective means of resolving economic disputes. This move is expected to have a positive impact on the region's economy and contribute to the growth and development of businesses in Sfax.
Key points
- The Tunisian professional organizations agree to support the Arbitration Center in Sfax to accelerate the resolution of economic disputes.
