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.

 

Please follow the link for more.

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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

 

More Trade News in Brief – Week 30 (16–22 July 2012)

* South Korea/Switzerland TIE Protocol

 

The revised Double Taxation Agreement (DTA) between South Korea and Switzerland, including provisions on the exchange of tax information (TIE), is to go into effect on July 25, 2012.

 

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* ICC Published a Guide to New Rules of Arbitration

 

The International Chamber of Commerce (ICC) has release “The Secretariat’s Guide to ICC Arbitration” offering a detailed article-by-article commentary on the 2012 Rules and more.

 

Please refer to the next link. 

 

 

 

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* Tunisia and OECD Strengthen Relations

 

Tunisia signs multilateral agreement on fiscal co-operation and strengthens its links with the OECD.

 

More here.