Greater Arab Free Trade Area (GAFTA)

 

The 18 countries of Greater Arab Free Trade Area (GAFTA) hope to unified their customs by 2015 in a full free trade agreement.

 

The Greater Arab Free Trade Area (GAFTA) is a pan-Arab free trade area that came into existence in 1997. It was founded by 14 countries (Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, and the United Arab Emirates). Four more countries joined the trade area later: Algeria, Jordan, Palestine and Yemen.

 

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News from European Union

 

* The 2013 European Neighbourhood Policy Package

 

The EU published its 2013 ENP proposed to the 16 of EU’s closest neighbours – Algeria, Armenia, Azerbaijan, Belarus, Egypt, Georgia, Israel, Jordan, Lebanon, Libya, Moldova, Morocco, Palestine, Syria, Tunisia and Ukraine.

 

Check here and here.

 

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 * The Council adopts energy infrastructure regulation

 

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* New EU label for venture capital and social entrepreneurship funds

 

EU Sanctions Regarding Luxury and Dual Use Goods to Syria

15 June 2012, Luxembourg

 

The Council of the European Union approved implementing rules on certain EU sanctions against Syria to apply from 17 June:

–      ban on exports of luxury goods

–      ban on additional dual use goods

 

More here.