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Arab Common Market

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Arab Common Market
A proposed market allowing the free movement of goods, services, labor, and capital between all Arab countries. The Arab Common Market began with a proposal to create a customs union in 2007; it is intended to be in place by 2020. See also: MEFTA.


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Aa "The summit recommended as well the facilitation of Arab labor movement between Arab countries and the establishment of an Arab tariff zone before 2015 in addition to an Arab common market before the beginning of 2020," he added.
Speakers at the event called for speeding up the process towards an Arab common market through the direct support of business and economic organisations in Arab countries.
Byline: Arab News WITH Gaza still smoldering, bodies still being pulled out of the rubble, Israeli troops still there and the cease-fire far from certain, many in the Arab world and beyond can be forgiven if they have initial difficulties understanding why Arab leaders are meeting at present in Kuwait to discuss economic issues and wonder whether this is the moment to discuss plans for an Arab free-trade area by 2015 and an Arab common market by 2020.
 
 
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