Proposal to form Arab Common Market by 2020

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The Committee on Arab Customs Union, a body of the Arab League (AL) began discussions on matters concerning to the conception of an efficient pan-Arab customs union by 2015 and an Arab common market by 2020.

Proposal to form Arab Common Market by 2020

Proposal to form Arab Common Market by 2020

Throughout the committee’s two-day, the UAE, represented by the Director of Customs Affairs at the Federal Customs Authority (FCA), Alia Al Marmoom and other member states, will be conversing an action strategy and deadlines for working out pending matters as well as a united pan-Arab customs law.

The Director of Regional Agreements at Egypt’s Ministry of Industry and Trade, Tamer Abdulaziz, who presided over the committee’s assembly, stated that the law is yet under deliberation because of uncertainties on some of its articles. The union seeks to issue a pan-Arab customs tax on trade among non-Arab nations.

Arab Customs Union was formed by the Arab League at its 2009 Arab Economic and Social Development Summit, which was held in Kuwait, with the intention of attaining a completely functional Arab customs union by 2015 and an Arab common market by 2020 and escalating inter-Arab business and incorporation.

Mohamed Dekkak