Arab Common Market

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Arab Common Market

Arab Common Market Outline

The ACM came into existence in 1965, pursuant to an agreement signed in 1964 by the Arab League states. Its initial members included Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine Liberation Organisation, Somalia, Sudan, Syria, United Arab Emirates, Yemen Arab Republic and Yemen People’s Democratic Republic. There are now seven members in the organisation. The ACM has removed tariffs and quantitative restrictions on agricultural products and raw materials within the market. It has also removed tariffs on imports of manufactured goods from member countries.(1)

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Notes

  1. John Mo, International Commercial Law

Arab Common Market (ACM) in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Arab Common Market (ACM): A moribund common market including Egypt, Iraq, Jordan, Libya, Mauritania, Syria, and Yemen, founded in 1964. The ACM trade provisions have been largely unimplemented.

Hierarchical Display of Arab Common Market

International Organisations > Extra-European organisations > Arab organisation > Council of Arab Economic Unity
Geography > Economic geography > Arab Common Market countries
Economics > Economic structure > Economic system > Common market

Arab Common Market

Concept of Arab Common Market

See the dictionary definition of Arab Common Market.

Characteristics of Arab Common Market

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Translation of Arab Common Market

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International Organisations > Extra-European organisations > Arab organisation > Council of Arab Economic Unity > Arab Common Market
Geography > Economic geography > Arab Common Market countries > Arab Common Market
Economics > Economic structure > Economic system > Common market > Arab Common Market

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