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GCC & Arab Ministers discuss Free Trade Zones

A closed-door consultative meeting of Arab ministers of finance and economy started on Thursday discussing in part problems related to the Arab free trade zone.

Meeting sources said talks foscused on obstacles facing the greater Arab free trade zone, disagreements on regulations of origin of products traded within this zone, set up in 2005.

The ministers, according to the sources, praised a recent decision by Egypt to lift facilities that exempted some Arab commodities. They also discussed topics to be discussed at the upcoming Arab summit, due in Riyadh, namely establishment of the Arab Custom Union, economic conditions in the Arab world, the region and the globe in general.-
end post (via MENAFN)

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