Greater Arab Free Trade Area (GAFTA)GAFTA: Saudi Arabia, Bahrain, Emirates (Greater Arab Free Trade Area)The Greater Arab Free Trade Zone (GAFTA), or Pan-Arab Free Trade Zone, was founded by the Economic and Social Council of the Arab League with the purpose of improving Trade Facilitation, promoting intra-regional trade, economic unity and liberalization, and removing technical barriers to trade between 17 Arab countries
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The Subject «Greater Arab Free Trade Area (GAFTA)» is included within the curriculum of the following academic programs at EENI Global Business School: Master: Religions & International Business, International Business, Foreign Trade..
Doctorate: World Trade, Ethics, Religion & Business.
Courses: Islam & Business, Business in the Maghreb. Languages:
Member countries:
All the member countries of the Greater Arab Free Trade Area (GAFTA) are members of the Economic Commission for Western Asia (ESCWA) and the Organization of Islamic Cooperation.
The GAFTA Free Trade Agreement applies to industrial, agricultural and animal products (exempt from customs duties). Products that are prohibited (to be marketed) by religious, environmental, safety and health products prohibited for trade are excluded. Intra-regional trade between Arab countries is dominated by Saudi exports (petroleum-related products). The Arab Customs Union was announced by the Arab League in 2009 in order to achieve a customs union in 2015 and an Arab Common Market in 2020 in order to increase trade and integration between the member countries of the Greater Arab Free Zone. Commerce (GAFTA). The Greater Arab Free Trade Area (GAFTA) belongs to the Arab Economic Area and the Maghrebian Economic Area of the Islamic Civilization. (c) EENI Global Business School (1995-2025)
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