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French Version


Arab ministers of economy to liberalise echanges.

On sunday the arab ministers of economy adopted recommendation projects to be submitted to the Arab Summit in Beirut on wednesday. They recommand to enhance the liberalisation of exchanges within their countries.

The Arab League social and economic council highlights "the importance to acheive the implementation of a large free trade zone in 2005", according to an official statement .

Fourteen arab countries (Lebanon, Syria, Egypt, Jordan, Morocco, Tunisia, Lybia, Irak, and the six GCC countries) already approved the free trade agreement ratified during Cairo Summit in 1996.
The council also accepted the Lebanese proposition to open a central office for medicines in Beirut, whose task will be to facilitate interarab commerce in this sector.
Ministers also propose special measures for the less developed Arab states in order to ease their integration to the free trade zone.
In other respects, the council also invited Arab countries to to promote pan arab exchanges in the transport, power, technology, communication and tourism sectors.
Ministers were supposed to meet on saturday only, but they had to work on sunday as well, explained the session president Bassel Fleihan, due to no prior experts meetings.
It will be the first time the Summit will adopt economic resolutions, as the main issue to be discussed is the Saudi peace initiative.


Beirut 25-03-2002
L'Economiste Redaction
L'économiste



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