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council of arab economic unity wikipedia jump to content main menu main menu move to sidebar hide navigation main page contents current events random article about wikipedia contact us contribute help learn to edit community portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in contents move to sidebar hide top 1 objectives 2 agadir agreement 3 greater arab free trade area 4 see also 5 references 6 external links toggle the table of contents council of arab economic unity 8 languages العربية català español فارسی italiano ქართული türkçe українська edit links article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file permanent link page information cite this page get shortened url switch to legacy parser print export download as pdf printable version in other projects wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia redirected from greater arab free trade area international arab organization council of arab economic unity arab league and gafta member arab league and candidate gafta member administrative center cairo egypt official language arabic type trade bloc membership 18 members algeria bahrain egypt iraq jordan kuwait lebanon libya morocco oman palestine qatar saudi arabia sudan syria tunisia united arab emirates yemen 4 candidates comoros djibouti mauritania somalia leaders secretary general mohammadi ahmed al ni establishment 3 june 1957 gafta signed 1 january 1998 gafta in force 1 january 2005 gdp ppp 2019 estimate total 7 649 trillion 4th gdp nominal 2025 estimate total 3 719 trillion 7th the council of arab economic unity caeu arabic مجلس الوحدة الاقتصادية العربية was established by the arab league on may 30 1964 following an agreement drawn up in 1957 by the league s economic council 1 objectives edit according to the economic unity agreement approved on june 3 1957 the council of arab economic unity seeks 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 2 the bases of economic relations between states in the council of arab economic unity are outlined in chapter 1 articles 1 and 2 of the economic unity agreement article 1 article 1 delineates each member state s rights to personal and capital mobility free exchange of goods and products exercise of residence and economic endeavors work employment etc transit and use of ports and airports possession and inheritance article 2 article 2 behoves the signatories of the economic unity agreement to work towards the objectives specified in article 1 by merging into a unified customs area unifying their import and export policies unifying their regulations with regard to transit jointly negotiating agreements with other states unifying and coordinating legislation to achieve equal conditions of agriculture industry and trade among member states coordinating legislation with regard to labor and social security a coordinating government and municipal taxes and duties and all taxes pertaining to agriculture industry trade real estate and capital investments to achieve equivalent business climates among member states b avoiding double taxing nationals of member states coordinating monetary and fiscal policies unifying statistical methods of classification and tabulations adopting any other measures consistent with the stated objectives of articles 1 and 2 2 agadir agreement edit the agadir agreement for the establishment of a free trade zone between the arab mediterranean nations was signed in rabat morocco on 25 february 2004 3 4 the agreement aimed at establishing free trade between jordan tunisia egypt and morocco which was seen as a first potential step in the formation of the euro mediterranean free trade area as envisaged in the barcelona process 5 the agreement aims to establish a free trade area among the member states in addition to increase intra trade on one hand and with the european union on the other it also aims to enhance industrial integration among the arab mediterranean countries through the implementation of the pan euro mediterranean rules of origin and the utilization of the principle of cumulation of origin this will enhance the member states export capacity towards the eu market and boost attraction for more foreign and european direct investment in 2016 the membership of palestine and lebanon was approved at the third meeting of agadir member ministers 6 greater arab free trade area edit the greater arab free trade area gafta is a pan arab free trade zone that came into existence on 19 february 1997 7 it was founded by 14 countries bahrain egypt iraq kuwait lebanon libya morocco oman qatar saudi arabia sudan syria tunisia and the united arab emirates 8 9 the formation of gafta followed the adoption of the agreement to facilitate and develop trade among arab countries 1981 by the arab league s economic and social council esc and the approval by seventeen arab league member states at a summit in amman jordan of the greater arab free trade area agreement 1997 in 2009 algeria joined gafta as the eighteenth member state gafta is supervised and run by the esc 10 the members participate in 96 of the total internal arab trade and 95 with the rest of the world by applying the following conditions instruct the inter customs fees to reduce the customs on arab products by 10 annually the 14 arab states reported their custom tariff programs to the security council of the arab league to coordinate them syria was excepted and uses the brussels tariffs system applying the locality of the arab products all members have shared their standards and specifications to help their products move smoothly from one country to another the league has also created a project to apply the arab agriculture pact which is to share the standards of the agricultural sector and inject several restrictions and specifications the arab league granted exceptions which allowed for a customs rate for certain goods to six members for several goods however requests for additional exceptions were rejected by morocco lebanon and jordan private sectors the league created a database and a service to inform and promote the private sector s benefits communication the economic and social council in its sixty fifth meeting agreed on pointing a base for communication to ease communication between member states and to work on easing interaction between the private and public sectors to further apply the greater arab free trade area customs duties in the sixty seventh meeting the economic and social council agreed that a 40 decrease on customs on goods in the past 4 years of the gafta would continue and following the decisions at the amman summit the members will make efforts to eliminate all customs duties on local goods see also edit african economic community intergovernmental authority on development arab fund for economic and social development arab federation for digital economy middle east free trade area disambiguation arab monetary fund arab maghreb union euro mediterranean free trade area euro mediterranean partnership european neighbourhood policy third country economic relationships with the european union rules of origin market access free trade area tariffs references edit jovanovic m n ed international handbook on the economics of integration edward elgar publishing 2011 p 508 1 2 the economic unity agreement among states the arab league pdf archived from the original pdf on 23 september 2015 retrieved 3 january 2015 full text of the agreement english version archived from the original on 2009 01 09 kourtelis christos 2021 the agadir agreement the capability traps of isomorphic mimicry world trade review 20 3 306 320 doi 10 1017 s1474745620000488 issn 1474 7456 wippel steffen the agadir agreement and open regionalism pdf archived from the original pdf on 2008 10 03 lebanon palestine join agadir free trade agreement economy business ahram online retrieved 2022 04 06 economic and social affairs committee background guide model arab league youth leadership development program ncusar org retrieved 2023 11 10 abedini javad and nicolas péridy 2007 1 the greater arab free trade area gafta an estimation of the trade effects archived 2011 09 27 at the wayback machine accessed on 13 august 2010 afifi tamer mohamed ahmed 2007 19 the challenge of implementing the overlapping regional trade agreements in egypt cuvillier verlag goettingen full text of the greater arab free trade area agreement 1997 bilaterals org 2005 07 17 retrieved may 4 2018 external links edit http www amf org ae https web archive org web 20080506173842 http www arableagueonline org las arabic details_ar jsp art_id 124 level_id 110 v t e regional economic communities in africa continental african union organization of african unity oau african economic community aec inter regional common market for eastern and southern africa comesa community of sahel saharan states cen sad economic community of central african states eccas eeac southern southern african development community sadc southern african customs union sacu northern arab maghreb union amu greater arab free trade area gafta eastern east african community eac intergovernmental authority on development igad western economic community of west african states ecowas west african monetary zone wamz west african economic and monetary union uemoa central economic community of central african states eccas economic and monetary community of central africa cemac authority control databases international viaf national united states israel other i̇slâm ansiklopedisi yale lux retrieved from https en wikipedia org w index php title council_of_arab_economic_unity oldid 1360138698 greater_arab_free_trade_area categories pan arab organizations organizations established in 1964 arab league economy of the arab league international economic organizations international organizations based in the middle east trade blocs treaties concluded in 1957 treaties entered into force in 1964 1964 in economic history hidden categories articles with short description short description is different from wikidata webarchive template wayback links this page was last edited on 19 june 2026 at 14 00 utc page was rendered with parsoid text is available under the creative commons attribution sharealike 4 0 license additional terms may apply by using this site you agree to the terms of use and privacy policy wikipedia is a registered trademark of the wikimedia foundation inc a non profit organization privacy policy about wikipedia disclaimers contact wikipedia legal safety contacts 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