Arab Customs Union (planned)
E563217
The Arab Customs Union (planned) is a proposed economic integration initiative among Arab League member states aimed at establishing a unified customs regime with common external tariffs and freer movement of goods within the region.
Statements (34)
| Predicate | Object |
|---|---|
| instanceOf |
economic integration initiative
ⓘ
proposed customs union ⓘ regional trade arrangement ⓘ |
| aimsTo |
create a common external tariff
ⓘ
establish a unified customs regime among Arab League member states ⓘ facilitate freer movement of goods within the Arab region ⓘ harmonize customs procedures among member states ⓘ increase intra-regional trade ⓘ reduce intra-Arab trade barriers ⓘ support economic integration of Arab League states ⓘ |
| basedOn |
common external tariff system
ⓘ
removal of internal customs duties on goods ⓘ |
| goal |
attract investment through a larger integrated market
ⓘ
create a single customs territory for Arab League members ⓘ enhance competitiveness of Arab economies ⓘ |
| includesPotentialMembers | Arab League member states NERFINISHED ⓘ |
| intendedEffect |
increase economic interdependence among Arab states
ⓘ
lower transaction costs for intra-Arab trade ⓘ support diversification of Arab economies ⓘ |
| involves |
coordination of tariff schedules
ⓘ
harmonization of customs regulations ⓘ simplification of cross-border trade procedures ⓘ |
| partOf |
Arab League economic cooperation framework
NERFINISHED
ⓘ
Arab economic integration agenda NERFINISHED ⓘ |
| policyArea |
customs policy
ⓘ
regional economic integration ⓘ trade policy ⓘ |
| proposedBy | Arab League NERFINISHED ⓘ |
| region |
Arab world
NERFINISHED
ⓘ
Middle East and North Africa NERFINISHED ⓘ |
| relatedTo |
Arab Common Market (historical initiative)
NERFINISHED
ⓘ
Greater Arab Free Trade Area NERFINISHED ⓘ |
| status |
not yet implemented
ⓘ
planned ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.