GAFTA
E563216
GAFTA is a regional free trade agreement among Arab League member states aimed at eliminating trade barriers and promoting economic integration in the Arab world.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
economic integration initiative
ⓘ
free trade agreement ⓘ regional trade agreement ⓘ |
| aim |
increase in intra-Arab trade flows
ⓘ
reduction of customs duties among member states ⓘ removal of non-tariff barriers among member states ⓘ |
| alternativeName |
Arab Free Trade Area
NERFINISHED
ⓘ
Greater Arab Free Trade Zone NERFINISHED ⓘ |
| barrierTypeAddressed |
non-tariff barriers
ⓘ
tariff barriers ⓘ |
| covers | trade in goods ⓘ |
| distinguishedFrom |
common market
ⓘ
customs union ⓘ economic union ⓘ |
| economicObjective |
attraction of investment through a larger integrated market
ⓘ
creation of a large unified Arab market ⓘ enhancement of competitiveness of Arab economies ⓘ |
| focus |
removal of administrative trade barriers
ⓘ
removal of quantitative restrictions ⓘ tariff reduction ⓘ |
| frameworkWithin | Arab League NERFINISHED ⓘ |
| fullName | Greater Arab Free Trade Area NERFINISHED ⓘ |
| geopoliticalContext | Arab League economic integration efforts ⓘ |
| hasMemberCategory |
Arab League founding members
ⓘ
Arab League later acceding members ⓘ |
| integrationLevel | free trade area ⓘ |
| language | Arabic ⓘ |
| legalForm | multilateral agreement ⓘ |
| membershipBasis | open to all Arab League members ⓘ |
| memberType | Arab League member states ⓘ |
| partOf | Arab regional economic integration architecture ⓘ |
| policyArea |
economic cooperation
ⓘ
trade policy ⓘ |
| purpose |
elimination of trade barriers among Arab states
ⓘ
liberalization of intra-Arab trade in goods ⓘ promotion of economic integration in the Arab world ⓘ |
| region |
Arab world
NERFINISHED
ⓘ
Middle East and North Africa NERFINISHED ⓘ |
| relatedTo |
Arab Economic and Social Council
NERFINISHED
ⓘ
Arab League Charter NERFINISHED ⓘ Council of Arab Economic Unity NERFINISHED ⓘ |
| sectoralScope |
agricultural products
ⓘ
industrial goods ⓘ |
| shortName | GAFTA NERFINISHED ⓘ |
| sponsoredBy | Arab League NERFINISHED ⓘ |
| tradePolicyInstrument |
elimination of customs duties on intra-GAFTA trade
ⓘ
preferential tariff reductions ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.