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"GAFTA" redirects here. For the Grain and Feed Trade Association, see Grain and Feed Trade Association. The Grain and Feed Trade Association (or GAFTA) is a London based trade organisation.

As of 1 January 2005, the Greater Arab Free Trade Area (also referred to as GAFTA) came into existence. New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. GAFTA is a pact made by the Arab League to achieve a complete Arab economic bloc that can compete internationally. The Arab League ( الجامعة العربية) officially called the League of Arab States ( جامعة الدول العربية GAFTA is relatively similar to ASEAN. The Association of Southeast Asian Nations, commonly referred to as ASEAN, ˈɑːsiːɑːn AH-see-ahn in English (the Official language [1]

The Project was adopted in the Arab League Summit of Amman in 1997, with 17 Arab League members signing the pact, it is supervised and run by the Arab Economic Council in the Arab League. Amman (ɑˈmɑːn sometimes spelled Ammann ( Arabic عمان ʿAmmān) is the Capital city of the Hashemite Kingdom GAFTA has a high income, population, and area and has significant resources available. [2]

Contents

GAFTA today

Members

Membership of GAFTA
Membership of GAFTA

Members:

Possible future members:

Progress

The Greater Arab Free Trade Area was a project adopted in 1997, when 17 Arab League members agreed on decreasing the customs on local production and to make an Arab Free Zone for exports and imports between members. The Kingdom of Bahrain (in مملكة البحرين,, literally Kingdom of the Two Seas) is an Island country in the Persian Gulf This article is about the country of Egypt For a topic outline on this subject see List of basic Egypt topics. For a topic outline on this subject see List of basic Iraq topics. Jordan, officially the Hashemite Kingdom of Jordan (الأردنّ al-Urdunn) is an Arab country in Southwest Asia spanning the southern The State of Kuwait ( دولة الكويت IPA [dawlatt̪ alkuwajt̪]) is a sovereign Arab Emirate on the coast of the Persian Gulf, enclosed Lebanon (ˈlɛbənɒn Arabic: ar لبنان Lubnān) officially the Republic of Lebanon or Lebanese Republic (ar الجمهورية اللبنانية Libya ( ليبيا ar-Latn Lībiyā; Libyan vernacular: Lībya; Amazigh:) officially the Great Socialist People's Libyan Arab Morocco (المغرب "al-Maghrib" officially the Kingdom of Morocco (المملكة المغربية is a country located in North Africa Oman, officially the Sultanate of Oman ( Arabic: سلطنة عُمان) is an Arab Country in Southwest Asia on the southeast Proposals for a Palestinian state (دولة فلسطين refer to the proposed establishment of an independent state for the Palestinian people in the Gaza Strip, which is currently Qatar ( قطر; ˈqɑtˁɑr local pronunciation giṭar officially the State of Qatar (Arabic دولة قطر transliterated The Kingdom of Saudi Arabia, KSA ( المملكة العربية السعودية, al-Mamlaka al-ʻArabiyya as-Suʻūdiyya) or Suudi Sudan (officially the Republic of Sudan) ( السودان al-Sūdān is a country in northeastern Africa. Syria ( سوريّة or) officially the Syrian Arab Republic (Arabic ar الجمهورية العربية السورية Tunisia (تونس Tūnis officially the Tunisian Republic ( is a country located in North Africa. Yemen ( Arabic: اليَمَن al-Yaman officially the Republic of Yemen ( Arabic: الجمهورية اليمنية al-Jumhuuriyya The Comoros (ˈkɒməroʊz; جزر القمر Juzur al-Qumur) officially the Union of the Comoros (Union des Comores الإتّحاد القمريّ Djibouti ( جيبوتي Jībūtī, Somali: Jabuuti) officially the Republic of Djibouti, is a country in the Mauritania (موريتانيا Mūrītāniyā officially the Islamic Republic of Mauritania, is a country Somalia ( Soomaaliya; الصومال) officially the Somali Republic ( Jamhuuriyadda Soomaaliya, جمهورية الصومال) and formerly known In Economics, an export is any good or Commodity, Transported from one country to another country in a Legitimate fashion International trade is exchange of Capital, Goods, and Services across International borders or Territories. The members participate in 96% of the total internal Arab trade, and 95% with the rest of the world by applying the following conditions:

1-Instruct the inter-customs fees: To reduce the Customs on Arab products by 10% annually, the 14 Arab states reported their custom tariff programs to the Security Council of the Arab League to coordinate them with each others, except for Syria that is still using the Brussels tariffs system. The araB gene Promoter is a bacterial promoter activated by e L-arabinose binding Syria ( سوريّة or) officially the Syrian Arab Republic (Arabic ar الجمهورية العربية السورية The World Customs Organization ( WCO) is an Intergovernmental organization that helps Members (Governments usually represented by Customs administrations from 173 countries

2-Applying the locality of the Arab products: All members have shared their standards and specifications to help their products move smoothly from one country to another. The League also created a project to apply the Arab Agriculture Pact: which is to share the standards of the agricultural sector and inject several more restrictions and specifications where all members have involved in them. Agriculture refers to the production of goods through the growing of plants and fungi and the raising of domesticated Animals The study of agriculture The Arab league granted exceptions, which allow a customs rate for certain goods, to six members for several goods, however rejected requests by Morocco, Lebanon and Jordan for additional exceptions. Morocco (المغرب "al-Maghrib" officially the Kingdom of Morocco (المملكة المغربية is a country located in North Africa Lebanon (ˈlɛbənɒn Arabic: ar لبنان Lubnān) officially the Republic of Lebanon or Lebanese Republic (ar الجمهورية اللبنانية Jordan, officially the Hashemite Kingdom of Jordan (الأردنّ al-Urdunn) is an Arab country in Southwest Asia spanning the southern

3-Private sectors: The League created a database and a service to inform and promote for the private's sectors benefits, and how there work would be in the GAFTA treaty is needed.

4-Communication: The Arab Economic and Social Council in its 65th meeting agreed on pointing a base for communication to ease communication between member states, and also to work to ease communication between the Private and public sectors to apply the Greater Arab Free Trade Area between members.

5-Customs Duties: In the 67th meeting the Arab Economic and Social Council agreed that the 40% decrease on customs on goods in the past 4 years of the GAFTA will continue and following the decisions of the Amman Summit of the Arab League, the members will put more efforts to eliminate all customs duties on local Arab goods.

Agadir Agreement

Map indicating current and potential future signatories of the Agadir Agreement.
Map indicating current and potential future signatories of the Agadir Agreement.

The Agadir Agreement for the Establishment of a Free Trade Zone between the Arabic Mediterranean Nations was signed in Rabat, Morocco on 25 February 2004. Rabat ( Arabic الرباط, transliterated ar-Rabāṭ or ar-Ribāṭ) population 2 million ( 2007 estimate) is the Morocco (المغرب "al-Maghrib" officially the Kingdom of Morocco (المملكة المغربية is a country located in North Africa Events 138 - The Emperor Hadrian adopts Antoninus Pius, effectively making him his successor "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " [3] The agreement aimed at establishing a free trade area between Jordan, Tunisia, Egypt and Morocco and it was seen as a possible first step in the establishment of the Euro-Mediterranean free trade area as envisaged in the Barcelona Process. See also List of free trade agreements This is article is on free international trade Jordan, officially the Hashemite Kingdom of Jordan (الأردنّ al-Urdunn) is an Arab country in Southwest Asia spanning the southern Tunisia (تونس Tūnis officially the Tunisian Republic ( is a country located in North Africa. This article is about the country of Egypt For a topic outline on this subject see List of basic Egypt topics. Morocco (المغرب "al-Maghrib" officially the Kingdom of Morocco (المملكة المغربية is a country located in North Africa The Euro-Mediterranean free trade area (EU-MEFTA is based on the Barcelona Process and European Neighbourhood Policy (ENP The Euro-Mediterranean Partnership (or Barcelona Process) started in 1995 with the Barcelona Euro-Mediterranean Conference [4] All members of the Agadir Agreement have since joined the Greater Arab Free Trade Area, effectively superseding the agreement.

Comparison with other regional blocs

Most active regional blocs
(as of 2004, except as noted)
Regional bloc1 Area Population GDP ($US) Member
states1
km² sq mi in millions (PPP) in millions (nominal) per capita (PPP) per capita (nominal)
AU 29,797,500 11,504,879 897,548,804 1,515,000 1,131,850 1,896 1,261 53
ASEAN (2007 est. A trade bloc is a large Free trade area formed by one or more Tax tariff and trade agreements Square Kilometre ( US spelling square kilometer) symbol km2, is a decimal multiple of the SI unit of The square mile is an imperial and US unit of Area equal the area of a square of one statute mile. The African Union (abbreviated AU in English, and UA in its other working languages is a Confederation consisting of 53  African The Association of Southeast Asian Nations, commonly referred to as ASEAN, ˈɑːsiːɑːn AH-see-ahn in English (the Official language ) 4,497,493 1,736,000 566,500,000 3,115,480 1,173,000 5,541 2,041 10
CACM 422,614 163,172 37,816,598 159,536 84,792 4,219 2,242 5
CARICOM 462,344 178,512 14,565,083 64,219 24,020 4,409 1,649 (14+1)3
CCASG / GCC 2,285,844 882,569 35,869,438 536,223 717,800 14,949 20,011 6
CEFTA 298,148 115,116 28,929,682 222,041 122,001 7,675 4,217 (7+1)3
EU (2007 est. The Central American Common Market ( CACM; Spanish: Mercado Común Centroamericano, MCCA was an economic trade organisation between five nations of The Caribbean Community ( CARICOM) is an organization of Caribbean nations and dependencies The Cooperation Council for the Arab States of the Gulf ( CCASG; مجلس التعاون لدول الخليج العربية also known as the Gulf Cooperation Council Members As of 1 May 2007, the parties of the CEFTA agreement are Albania, Bosnia and Herzegovina, Croatia, Macedonia The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in ) 4,324,782 1,669,808 497,000,000 14,953,000 16,574,000 28,213 33,482 27
EurAsEC 20,789,100 8,026,720 208,067,618 1,689,137 1,125,528 8,118 5,409 6
EFTA (2007 est. The Eurasian Economic Community ( EurAsEC or EAEC or EEC) was put into motion on 10 October 2000 when Belarus, The European Free Trade Association ( EFTA) is a European Trade bloc which was established on 3 May 1960 as an alternative for European states who were either ) 529,600 204,480 12,660,623 567,500 743,300 44,828 60,000 4
GAFTA 9,421,946 3,637,834 280,727,416 1,341,298 N/A 4,778 N/A (16+1)3
GUAM 810,506 312,938 63,764,600 456,173 106,469 7,154 1,670 4
NAFTA (2007 est. GUAM redirects here See Guam for the Pacific island territory ) 21,783,850 8,410,792 445,000,000 15,857,000 15,723,000 35,491 35,564 3
PARTA 528,151 203,920 7,810,905 23,074 N/A 2,954 N/A (12+2)3
SAARC 5,136,740 1,983,306 1,467,255,669 4,074,031 N/A 2,777 N/A 8
Unasur / Unasul 17,339,153 6,694,684 370,158,470 2,868,430 N/A 7,749 N/A 12
UN and countries
for reference2		 Area Population GDP ($US) Units4
km² sq mi in millions (PPP) in millions (nominal) per capita (PPP) per capita (nominal)
UN 133,178,011 51,420,318 6,411,682,270 55,167,630 48,245,198 8,604 7,524 192
Brazil (2007 est. The Pacific Islands Forum is an inter-governmental Organization which aims to enhance cooperation between the independent countries of the Pacific The South Asian Association for Regional Cooperation ( SAARC) is an economic and political organization of eight countries in Southern Asia. __FORCETOC__The Union of South American Nations (Unión de Naciones Suramericanas - UNASUR, União de Nações Sul-Americanas - UNASUL, Unie van Zuid-Amerikaanse Naties Square Kilometre ( US spelling square kilometer) symbol km2, is a decimal multiple of the SI unit of The square mile is an imperial and US unit of Area equal the area of a square of one statute mile. The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld ) 8,514,877 3,287,612 183,888,841 1,804,000 1,067,706 10,073 6,842 27
Canada (2007 est. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page ) 9,984,670 3,855,103 33,000,000 1,274,000 1,406,000 38,200 42,738 13
India (2007 est. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country ) 3,287,590 1,269,346 1,120,000,000 4,726,000 1,089,000 4,182 1,004 35
Japan (2007 est. For a topic outline on this subject see List of basic Japan topics. ) 377,873 145,898 127,433,494 4,346,000 4,346,000 33,800 38,341 47
PR China5 (2007 est. Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES ) 9,596,960 3,705,407 1,321,851,888 7,043,000 3,420,000 5,300 2,800 33
Russia (2007 est. Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending ) 17,075,200 6,592,772 142,500,000 2,076,000 1,286,000 14,600 9,056 83
USA (2007 est. The United States of America —commonly referred to as the ) 9,826,630 3,794,083 302,000,000 13,543,000 13,794,700 43,500 45,594 50
Source: CIA World Factbook 2005, IMF WEO Database, IMF nominal figures for 2006. The World Factbook ( ISSN; also known as the CIA World Factbook) is an annual publication of the Central Intelligence Agency of the The International Monetary Fund ( IMF) is an International organization that oversees the Global financial system by following the Macroeconomic
Legend
     smallest value among the blocs compared     largest value among the blocs compared

Footnotes
1 Including data only for full and most active members. A trade bloc is a large Free trade area formed by one or more Tax tariff and trade agreements
2 Including the largest five countries by area, population (not #4), GDP (PPP) (not #5), and GDP (nominal) (not #3 or #5). This is a list of the countries of the world sorted by total area. List of countries by population in 2005|List of countries by population in 1907This is a list of countries ordered according to Population. There are three lists of Countries of the world sorted by their Gross domestic product (GDP (the value of all final goods and services produced within a nation PLEASE NO RANDOM FIGURES THERE ARE NO FIGURES BASED ON NATIONAL STATISTICS IN THIS ARTICLE
3 Including non-sovereign autonomous areas of other states. Sovereignty is the exclusive Right to control a Government, a country, a people or oneself An autonomous area is an area of a Country that has a degree of Autonomy, or freedom from an external authority
4 Members or administrative divisions. Examples of administrative divisions English terms In many of the following terms corresponding to British cultural influence areas of relatively low mean population
5 Data for the People's Republic of China does not include Hong Kong, Macau, or the independent Republic of China (Taiwan) (over which PRC claims sovereignty). Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders For a topic outline on this subject see List of basic Macau topics. REPUBLIC OF CHINA ARTICLE GUIDELINES Taiwan ( Taiwanese: Tâi-oân/Tāi-oân (historically 大灣/台員/大員/台圓/大圓/台窩灣 is an Island in East Asia.

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See also

References

  1. ^ The Jordanian Ministry of Industry & Trade describes GAFTA. The Arab League ( الجامعة العربية) officially called the League of Arab States ( جامعة الدول العربية The Arab Fund for Economic and Social Development, or AFESD, is a Kuwait based pan-Arab development finance institute The US MEFTA initiative started in 2003 with the purpose of creating a U The Arab League ( الجامعة العربية) officially called the League of Arab States ( جامعة الدول العربية The Arab Monetary Fund is a Regional Arab Organization, Founded 1976, and has started operations in 1977, it is a working sub-organization to the Arab League The Arab Fund for Economic and Social Development, or AFESD, is a Kuwait based pan-Arab development finance institute The Arab Maghreb Union ( Arabic: اتحاد المغرب العربي transliterated: Ittihad al-Maghrib al-Araby French The Euro-Mediterranean free trade area (EU-MEFTA is based on the Barcelona Process and European Neighbourhood Policy (ENP The Euro-Mediterranean Partnership (or Barcelona Process) started in 1995 with the Barcelona Euro-Mediterranean Conference The European Neighbourhood is the region beyond the frontier of the European Union. The concept The Khaleeji ( is a proposed Common currency of the member states of the GCC or Cooperation Council for the Arab States of the Gulf For the philosopher Umberto Eco see Umberto Eco. The Eco (1 Eco = 100 Cents is the proposed name for the Common currency that the West African Monetary Retrieved on 2008-03-18. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 37 - The Roman Senate annuls Tiberius ' will and proclaims Caligula emperor
  2. ^ Full text of the Greater Arab Free Trade Area Agreement (1997). bilaterals. org (2005-07-17). Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 180 - Twelve inhabitants of Scillium in North Africa are executed for being Christians Retrieved on 2008-03-18. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 37 - The Roman Senate annuls Tiberius ' will and proclaims Caligula emperor
  3. ^ Full text of the Agreement (English version).
  4. ^ Wippel, Steffen. The Agadir Agreement and Open regionalism.

External links

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