• Sunday, December 8, 2019

Free Trade Zone between Arab states

Discussion in 'Middle East & Africa' started by al-Hasani, Sep 30, 2013.

  1. al-Hasani

    al-Hasani ELITE MEMBER

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    https://en.wikipedia.org/wiki/Arab_Customs_Union

    https://ar.wikipedia.org/wiki/&#157...0;_العربي

    Gulf Daily News » Business News » Leaders set to approve Arab customs union

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    Area:
    Total area 13,333,296 km2 (5,148,048 sq mi)

    Population:
    2012 estimate 400,652,486 million (among the fastest growing populations in the world)

    It is a market with a nearly $4 trillion GDP and one of the fastest growing economies.

    A good initiative.
     
  2. HAIDER

    HAIDER ELITE MEMBER

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    Hope bureaucracy don t kill these projects.Countries lack of interest is another issue . Majority of time these project start with full thrust later they become part of govt office shelves . In next five years thousands of Saudi foreign graduates will come back to KSA. Huge majority of these student are graduating in the field of Electrical and Mech technologies. Lots of foreign workers will lose job in middle east in next five years. Plus this project will help to adjust these graduates .
     
  3. Yzd Khalifa

    Yzd Khalifa ELITE MEMBER

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    Actually, tens of thousands of Saudis graduate here in KSA, makes no difference.
     
  4. Thəorətic Muslim

    Thəorətic Muslim SENIOR MEMBER

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    Its easier said than done. Case in point the European Union, ASEAN, NAFTA, etc.

    There's going to be too much loss of power for the smaller Arab states, who will think their manhood just receded 5 inches.

    The reason the EU got together was economics; Europe was devastated by ww2, with the Soviets on the east side and the US on the west with their continental massive industrial capacities France, West Germany, and the lower laying states didnt have much of a choice.

    The US couldn't let the godless communists industrialize Eastern Europe before the French or Germans could, so it was pleased behind the scenes.

    But then again.... Money does talk, and people love money, it helped Europe get together why not the middle east?

    Trade pacts the greatest worthwhile if they are between a 'Global North and a Global South'. The North guarantees to the world that the products in the South will meet the quality controls of the North. While the South gives it's cheap labor to the Northern corporations making factories all over.

    But to even get to this point, there needs to be the testing. The smallest and best way would be to integrate the economies and ease up on the tariffs. Just this step alone will signal to the businessmen/ women that the 2 countries are attempting to boaster their economic dependencies with each-other.

    An interesting read. http://i-epistemology.net/attachmen... Prospect and Problems of a Common Market.pdf
     
  5. HAIDER

    HAIDER ELITE MEMBER

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    Govt main objective is to fully take over the mineral resource projects. Avoiding technical blackmailing from foreign giants.

    It will take a while for Arab countries to think as EU. First they have to resolve the regional conflicts. Which seems not going to happened in coming years. But Suadia and Emirates are good enough to be called Arab region.
     
  6. BLACKEAGLE

    BLACKEAGLE ELITE MEMBER

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    Very good, hope it works as planned.
     
  7. eddieInUK

    eddieInUK FULL MEMBER

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    From what I have seen in this forum, arabs in different countries do not like each other, they are all trying to prove they are better than other arabs. Thats just what I am feeling.