The Council of Arab Economic Unity is a trade bloc established by the Arab League to promote economic integration among Arab states. Its founding Economic Unity Agreement was approved on June 3, 1957, and the Council itself was established on May 30, 1964. It has 18 full members, including Algeria, Egypt, Saudi Arabia, the United Arab Emirates, Iraq, Jordan, Lebanon, Syria, Tunisia, Morocco, Kuwait, Qatar, Bahrain, Oman, Libya, Sudan, Palestine and Yemen, plus four candidate members, Comoros, Djibouti, Mauritania and Somalia. Its stated purpose is to organize and consolidate economic relations among Arab League states, and its best known initiative is the Greater Arab Free Trade Area, established in 1997 and operating since 2005 to eliminate customs duties on trade among Arab states. Its administrative center is in Cairo.
Facts
Geography
Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Country or Jurisdiction Served Founding Year Founding Date Headquarters Classification
Institution SubtypeInternational Organization (Non-Financial) 1 In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Wikipedia: Council of Arab Economic Unity
Lead, sentence 1
was established by the Arab League on May 30, 1964
Infobox, admin_center
Cairo, Egypt
History
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.
infobox formed field
3 June 1957
In Group: Arab and Gulf Economic Organizations, Lead paragraph
The Council of Arab Economic Unity (CAEU) (Arabic: مجلس الوحدة الاقتصادية العربية) was established by the Arab League on May 30, 1964, following an agreement drawn up in 1957 by the League's Economic Council.
View the SourceReader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.