Arab Customs Union

World Customs Union

In the 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 presided over a two-day meeting of the Committee in the Arab League headquarters in Cairo recently.

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 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.

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

See also

• -Arab League
• -GCC
• -Council of Arab Economic Unity (CAEU)
• -Federation of Arab Trade Unions and Labor Societies

References

• http://www.bilaterals.org/article.php3?id_article=14215