Investment between Arab Nations Reached USD 22.77 Million [Archives:2001/37/Local News]

September 10 2001

According to the Arab Industrial, Commercial and Agricultural General Union, the rate of accumulated customs reductions reached 40% since the implementation of the Free Trade policies.
A report issued by the General Secretariat of the Union, presented during its 91st session in Sana’a, highlighted that the current situation in Arab markets do not provide an appropriate framework that could enable the private sector to concentrate its business towards high quality production. The report also indicated that the level of joint investment between the Arab states shrank to USD 2.3 billion while Arab investment abroad is sharply increasing.
Moreover, it mentioned that joint investment between Arab private sectors do not exceed the USD 2,277 million.