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Economy Of The Arab League
The economy of the Arab League is the economy of the member states of the Arab League. The economy has traditionally been dependent on exports of oil and natural gas; however, the tourism sector has grown rapidly, becoming the fastest-growing sector in the region. The Council of Arab Economic Unity#Greater Arab Free Trade Area, Greater Arab Free Trade Area, founded in 1997, is the league's free trade area which removed Custom tax, customs taxes on 65% of trade between countries in the Arab World. Members of the Arab League are among the richest and poorest of the world, and there is a great disparity in the economic development of members of the league. There is a significant difference imbalance in wealth between the Arab states of the Persian Gulf, Gulf states, which include Qatar, the United Arab Emirates, Saudi Arabia and war-torn nations within the league, such as: Syria, Iraq and Yemen.: Free trade agreements GDP and GDP per capita of member states Based on latest figu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab League
The Arab League (, ' ), officially the League of Arab States (, '), is a regional organization in the Arab world. The Arab League was formed in Cairo on 22 March 1945, initially with seven members: Kingdom of Egypt, Egypt, Kingdom of Iraq, Iraq, Emirate of Transjordan, Transjordan, Lebanon, Saudi Arabia, First Syrian Republic, Syria, and Kingdom of Yemen, North Yemen. Currently, the League has member states of the Arab League, 22 members. The League's main goal is to "draw closer the relations between member states and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries". The organization has received a relatively low level of cooperation throughout its history. Through institutions, notably the Arab League Educational, Cultural and Scientific Organization (ALECSO) and the Economic and Social Council of its Council of Arab Economic Unity (CAEU), the League f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
