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{{Short description|Customs union}}
[[File:Customs unions.png|thumb|right|300px|World Customs Union]]
{{Update|type=|date=April 2019|reason=}}[[File:Customs Unions World.svg|thumb|right|200px|[[Customs unions]] worldwide]]
{{Life in the Arab League}}
The '''Arab Customs Union''' is a [[customs union]] announced at the [[Arab League]]'s 2009 [[Economic and Social Council (Arab League)#2009 summit|Arab Economic and Social Development Summit]] in [[Kuwait]] in order to achieve a functional customs union by 2015 and an Arab [[Single market|common market]] by 2020 and to increase inter-Arab trade and integration.<ref>{{Cite news
| title = Arab leaders issue resolutions, emphasize Gaza reconstruction efforts
| publisher = [[Kuwait News Agency]]
| date = 2009-01-20
| url = http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=1969914&Language=en
| access-date = 2010-08-10}}</ref>


== History ==
In the [[Kuwait City|Kuwaiti]] Economic Summit, [[2009]], the [[Arab League]] Leaders and Delegates in the Arab League Economic Summit have approved a 2007 proposal to create an Arab [[Customs Union]], to achieve an [[Arab Common Market]] by 2020 and to Increase the Arab-Inter Trade, and their Integration.
The announcement was made by the head of the Arab Customs Union Committee, Saud Al Jefeiri, who recently presided over a two-day meeting of the committee at the Arab League headquarters in [[Cairo]], [[Egypt]].


Participants in the meeting discussed the customs union plan and the structure of the customs union and reviewed the legal structure and regulations for the union. The union will lead to the establishment of an Arab common market.
The announcement was made by the head of the [[Arab Customs Union Committee]], [[Saud Al Jefeiri]], who presided over a two-day meeting of the Committee in the [[Arab League headquarter]]s in [[Cairo]] recently.


Al Jefeiri, who represented [[Qatar]] at the meeting, said most [[Arab]] member countries agreed to put forward an implementing plan, [[Egypt]] and [[Morocco]] asked for an independent accord to govern the customs union.
Participants in the meeting discussed the customs union plan and the structure of the customs union and reviewed the legal structure and regulations for the union. The union will lead to the establishment of an [[Arab common market]].


The Arab customs union resolution contains 17 chapters and 179 articles regulating economic and trade relationship between [[Arab countries]], and aims to boost trade and investment among member states
Al Jefeiri, who represented [[Qatar]] in the meeting, said most [[Arab]] member countries agreed to put forward an implementing plan, [[Egypt]] and [[Morocco]] asked for an independent accord to govern the customs union.


*[[Economic and Social Council (Arab League)]]
The Arab Customs Union resolution contains 17 chapters and 179 articles regulating economic and trade relationship between [[Arab countries]], and aims to boost trade and investment among member states
*[[Gulf Cooperation Council]]

*[[Council of Arab Economic Unity]] (CAEU)
==See also==
*[[Federation of Arab Trade Unions and Labor Societies]]

*-[[Arab League]]
*-[[Cooperation Council for the Arab States of the Gulf|GCC]]
*-[[Council of Arab Economic Unity]] (CAEU)
*-[[Federation of Arab Trade Unions and Labor Societies]]


==References==
==References==
{{Reflist}}
*http://www.bilaterals.org/article.php3?id_article=14215
*[http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=240423 Leaders set to approve Arab customs union]
*[http://www.bilaterals.org/rubrique.php3?id_rubrique=169 GAFTA] on the bilaterals.org


{{Trade}}
{{Trade}}
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[[Category:Arab League]]
[[Category:Arab League]]
[[Category:Economy of the Arab League]]
[[Category:Economy of the Arab League]]
[[Category:Economics organizations]]
[[Category:Customs unions]]

Latest revision as of 12:17, 21 September 2024

Customs unions worldwide

The Arab Customs Union is a customs union announced at the Arab League's 2009 Arab Economic and Social Development Summit in Kuwait in order to achieve a functional customs union by 2015 and an Arab common market by 2020 and to increase inter-Arab trade and integration.[1]

History

[edit]

The announcement was made by the head of the Arab Customs Union Committee, Saud Al Jefeiri, who recently presided over a two-day meeting of the committee at the Arab League headquarters in Cairo, Egypt.

Participants in the meeting discussed the customs union plan and the structure of the customs union and reviewed the legal structure and regulations for the union. The union will lead to the establishment of an Arab common market.

Al Jefeiri, who represented Qatar at the meeting, said most Arab member countries agreed to put forward an implementing plan, Egypt and Morocco asked for an independent accord to govern the customs union.

The Arab customs union resolution contains 17 chapters and 179 articles regulating economic and trade relationship between Arab countries, and aims to boost trade and investment among member states

References

[edit]
  1. ^ "Arab leaders issue resolutions, emphasize Gaza reconstruction efforts". Kuwait News Agency. 2009-01-20. Retrieved 2010-08-10.