Malta invests in knowledge, PM Joseph Muscat tells Euro-Arab summit

NEW YORK, NY - SEPTEMBER 20: Prime Minister, Republic of Malta H.E. Joseph Muscat speaks at the 2016 Concordia Summit - Day 2 at Grand Hyatt New York on September 20, 2016 in New York City. (Photo by Bryan Bedder/Getty Images for Concordia Summit)

“We are meeting here at a significant conjuncture for the world,” Malta’s Prime Minister Joseph Muscat said on Thursday, during his speech at the the 2nd Euro-Arab Summit held in Athens.

Borders around the world “are slowly closing and this is not a good thing,” the Maltese prime minister underlined.

In particular, he underlined that “when some countries close their economic borders, we, as EU and Mediterranean citizens, must open up our economic partnerships and create jobs.”

Referring to investments, he noted that his country has already launched strategic investments aiming at new opportunities.

“In Malta, we invest in knowledge – this is something we can share that gives rise to new opportunities,” he said, while focusing on current problems, such as terrorism and illegal migration.

Finally, he welcomed a trade agreement signed on Thursday between a Maltese company and two companies from Palestine and Greece, respectively