Throughout the last decade there has been a continuous process of gradual transfer of decision-making on market access, from national to supranational, and even global, level. For the North African region, and more widely for the overall Arab area, currently twin tendencies can be observed, a sort of dual-track process. On the one hand, there is an ongoing intra-Maghrebine and intra-Arabic integration process. Its main aim is the achievement of the GAFTA, pursued, as a first step, through bilateral agreements among the members. On the other hand, there are individual agreements between Maghreb countries and the EU. The first process, i.
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The Arab League has a long history of trying to foster trade and economic cooperation among its member states, with several initiatives taken in the s and s. In , an agreement to facilitate and promote inter-Arab trade was signed, but to little effect. Eighteen of the 22 Arab League states signed on to this agreement, which came into force on 1 January In March , it was decided to speed up the liberalisation process, and on 1 January the elimination of most tariffs among the GAFTA members was enforced.
Others are in the process of joining. Negotiations The Arab League has a long history of trying to foster trade and economic cooperation among its member states, with several initiatives taken in the s and s. Arabs agree to establish a free trade zone by Leaders set to approve Arab customs union.
Official: Kuwait summit serious step towards establishing Arab economic bloc. The Arab Economic Summit: a market approach to development. Greater Arab free trade zone no longer useful. No commitments to implementing the Arab Free Trade Agreement. Egypt ups trade ante. Arab agricultural engineers review effects of free trade zone. Subscribe to bilaterals. Other languages. What's wrong with free trade agreements?
Council of Arab Economic Unity
The aim of this research project is to provide some new and original insight concerning the GAFTA welfare and trade impact, 10 years after the implementation of this agreement. This project starts with the description and a critical analysis of economic integration and trade in the Arab world in the past decades. Its limitations are also discussed. Recent patterns in regional integration are also compared with the analysis of trade flows in Arab countries, especially since the implementation of the GAFTA agreement in The next parts of the project are based on a twofold approach which relies on new theoretical developments in regional economic integration. The first approach involves a theoretical model of regional integration, followed by inquiries implemented in selected GAFTA countries and selected industries.
The Greater Arab Free Trade Area: An ex-post appraisal within an imperfect competition framework
According to The Economic Unity Agreement approved on June 3, , the Council of Arab Economic Unity desires to "Organize and consolidate economic relations among the States of the Arab League on bases that are consistent with the natural and historical links among them; and to provide the best conditions for flourishing their economies, developing their resources and ensuring the prosperity of their countries. Article 2 behoves the signatories of The Economic Unity Agreement to work towards the objectives specified in Article 1 by:. From Wikipedia, the free encyclopedia. Council of Arab Economic Unity. International Handbook on the Economics of Integration. Edward Elgar Publishing, , p.
Free Trade Agreements