No. 02



Arab League Sees 10% Tariff Cut On Inter-Arab Trade

The Secretary-General of Arab League, Mr. Ismat Abd al-Majid,said in Cairo on 31 December that 18 Arab states had agreed to cut their tariffs oninter-Arab trade by 10%, implementing an agreement signed as long ago as 1981. It iswidely recognized that volumes of inter-Arab trade, at around 8% of the total, arepitifully low in comparison with other trading areas and that cutting duties wouldstimulate such...