Businessmen blame governments for moving slow on Arab free trade
Regional-Egypt, Business, 4/18/1998
The Egyptian assembly for businessmen stated that the process of breaking down barriers to inter-Arab trade and establishing a free trade zone is still advancing slowly. It said the slow Arab progress does not conform with the rapid economic developments taking place in the world arena.
The assembly said in a report that there is negligence from Arab governments toward applying free trade agreement, exclusions, non-customs restrictions, and the obstacles of all means of transportation.
Meanwhile, Arab businessmen will meet in Luxor on Tuesday, during which the Arab League will present a detailed report about measures that were taken to forward the free trade project.
Taher El-Sherif, the secretary general of the businessmen's assembly, said there are four countries that did not ratify the agreement for facilitating and developing trade exchange: Mauritania, Algeria, the Comoros Islands and Djibouti, while there are 9 countries that have not yet completed executive measures to reduce customs rates by 10%.
Arab ministers examine cooperation projects
Arab businessmen hold second meeting
International Arab banking summit next June
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
| Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info