Pan-Arab Free Trade Area (PAN-ARAB)
Definition
An 18-member trading bloc assembled in 1997 for the purpose of coordinating tariff policy, stimulating intermember and global trade, establishing uniform customs policy, and coordinating tax and duty legislation. Current members include:Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya Morocco, Oman, Palestinian territories, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates, and Yemen. Also called greater Arab free trade area.
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