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Posted On: 28 December 2008 04:36 pm
Updated On: 12 November 2020 02:09 pm

Qatar wants Arab customs union by 2015

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Qatar has urged the participants in the upcoming Arab Economic Summit, due to be held in Kuwait in January 2009, to set up an Arab customs union by 2015. The announcement was made by the head of the Arab Customs Union Committee, Saud Al Jefeiri, who presided over a two-day meeting of the Committee in the Arab League headquarters in Cairo recently. Participants in the meeting discussed the customs union plan and the structure of the customs union and reviewed the legal structure and regulations for the union. The union will lead to the establishment of an Arab common market. Al Jefeiri, who represented Qatar in the meeting, said most Arab member countries agreed to put forward an implementing plan, but Egypt and Morocco asked for an independent accord to govern the customs union. If these opinions were considered then the formation of the union will be delayed since parliaments in member countries have to approve the accord, he said. The Arab Customs Union draft resolution contains 17 chapters and 179 articles regulating economic and trade relationship between Arab countries, and aims to boost trade and investment among member states\\