GAFTA

(redirected from Greater Arab Free Trade Area)
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AcronymDefinition
GAFTAGrain And Feed Trade Association
GAFTAGreater Arab Free Trade Area
GAFTAGreater Arab Free Trade Agreement
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References in periodicals archive ?
The MoU will support the Greater Arab Free Trade Area through hosting regional training courses, conferences and workshops covering trade development area.
In a region that is yet to witness the benefits of intra-regional trade in spiteof the multiple regional multilateraltrade agreements - Greater Arab Free Trade Area (GAFTA), GCC customs union and Agadir Agreement, Aid-for-Trade would brighten the "Arab Winter".
Since 2005, the Greater Arab Free Trade Area (GAFTA) has fully liberalised the trade of goods by relieving its 17-member countries (including all members of the GCC) of customs duties - an important step toward the establishment of the Arab Common Market.
The Greater Arab Free Trade Area Agreement ("GAFTA") was first conceived at the Arab League Summit in 1982, but very little progress was made until it came into formal existence in 1998 and was signed by 17 member countries.
The trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $ 2.1 trillion, according to new IMF trade data.
Algeria's imports from the Greater Arab Free Trade Area (GAFTA) decreased to approximately USD2.2 billion in 2012, against USD2.45 billion in 2011, representing a decrease of 6.4%, according to data published by the Algerian National Center for Customs Statistics (CNIS).
Arab states have made some progress on economic integration in various formations, whether it be the Greater Arab Free Trade Area or the Council of Arab Economic Unity.
National exports to countries of the Greater Arab Free Trade Area (GAFTA) in the first 4 months of this year accounted for half of the Kingdom's exports which stood at JD1.55 billion, according to Department of Statistics figures.
Hamwi added that the Syrian economy is witnessing a great development after adopting the social market economy and implementing agreements such as the Greater Arab Free Trade Area (GAFTA) that resulted in huge leaps forward for the Syrian economy during the last few years.
Abboud (political science, Susquehanna U., Pennsylvania) begins by outlining the contours and architecture of the bilateral and multilateral agreements that Syria has entered into since the middle and late 1990s--particularly the Greater Arab Free Trade Area and the Euro-Mediterranean Partnership--along with the policy shifts generated by ascension to these trading regimes.
"Also on top of the agenda is the implementation of the Greater Arab Free Trade Area (GAFTA) and the Arab customs union as well as other initiatives aiming to facilitate and increase the volume of the bilateral trade among the Arab countries, " Al-Assadi pointed out.
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