Arab Common Market
Arab Common Market
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Arab Common Market Outline
The ACM came into existence in 1965, pursuant to an agreement signed in 1964 by the Arab League states. Its initial members included Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine Liberation Organisation, Somalia, Sudan, Syria, United Arab Emirates, Yemen Arab Republic and Yemen People's Democratic Republic. There are now seven members in the organisation. The ACM has removed tariffs and quantitative restrictions on agricultural products and raw materials within the market. It has also removed tariffs on imports of manufactured goods from member countries.(1)
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Notes
Arab Common Market (ACM) in relation with International Trade
In the context of trade organizations, Christopher Mark (1993) provided the following definition of Arab Common Market (ACM): A moribund common market including Egypt, Iraq, Jordan, Libya, Mauritania, Syria, and Yemen, founded in 1964. The ACM trade provisions have been largely unimplemented.
Hierarchical Display of Arab Common Market
International Organisations > Extra-European organisations > Arab organisation > Council of Arab Economic Unity
Geography > Economic geography > Arab Common Market countries
Economics > Economic structure > Economic system > Common market
Arab Common Market
Concept of Arab Common Market
See the dictionary definition of Arab Common Market.
Characteristics of Arab Common Market
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Arab Common Market
Spanish: Mercado Común Árabe
French: Marché commun arabe
German: Arabischer Gemeinsamer Markt
Italian: Mercato comune arabo
Portuguese: Mercado Comum Árabe
Polish: Arabski Wspólny Rynek
Thesaurus of Arab Common Market
International Organisations > Extra-European organisations > Arab organisation > Council of Arab Economic Unity > Arab Common Market
Geography > Economic geography > Arab Common Market countries > Arab Common Market
Economics > Economic structure > Economic system > Common market > Arab Common Market
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