President of the Republic Karolos Papoulias on Thursday received the president of the Arab Hellenic Chamber of Commerce Christos Folias, a former government minister, and the chamber's general secretary Mohammed Elkhazmi. During the meeting, he noted the delays in developing economic and trade relations between Greece and Arab countries.

"Even though political relations were so good, the trade and economic relations did not follow. Quite possibly this may have been due to us," Papoulias said.

Folias outlined the significant prospects of economic cooperation with the 22 Arab countries represented in the Arab Hellenic Chamber, which Papoulias urged the two men to develop.