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Council of Arab Economic Unity

Council of Arab Economic Unity (CAEU)

 

The Council of Arab Economic Unity (CAEU) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on 1964, following an agreement in 1957 by the Economic Council of the Arab League. Unity desires to "Organize and consolidate economic relations among the States of the Arab League on bases that are consistent with the natural and historical links among them; and to provide the best conditions for flourishing their economies, developing their resources and ensuring the prosperity of their countries. The Agreement aims to establish a Free Trade Area among the member states, in addition to increase intra-trade on one hand and with the European Union on the other. It also aims to enhance industrial integration among the Arab Mediterranean countries through the Implementation of the Pan-Euro-Mediterranean rules of origin and the utilization of the principle of cumulation of origin. This will enhance the member states' export capacity towards the EU market and boost attraction for more foreign and European direct investment.

 

CAEU member regions
Africa   Middle East
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Member regions Population by country Internet user by country Active Ads and services
       
People's Democratic Republic of Algeria 45 481 675 26 350 000 0
Kingdom of Bahrain 1 463 265 1 431 090 0
Arab Republic of Egypt 111 247 248 80 750 000 0
Republic of Iraq 46 729 000 18 892 351 0
Hashemite Kingdom of Jordan 11 484 805 6 480 202 0
State of Kuwait 4 429 521 4 053 797 0
Republic of Lebanon 5 296 814 4 756 187 0
State of Libya 7 252 573 1 387 116 0
Kingdom of Morocco 37 984 655 22 072 765 0
Sultanate Oman 4 520 471 3 717 818 0
State of Palestine 5 463 450 3 208 312 0
State of Qatar 2 785 484 2 532 059 0
Kingdom of Saudi Arabia 32 175 224 34 840 000 0
Republic of the Sudan 49 197 556 12 512 639 0
Syrian Arab Republic 23 855 423 6 257 430 0
Republic of Tunisia 11 708 370 7 920 000 0
United Arab Emirates (UAE) 9 262 410 8 913 217 0
Republic of Yemen 34 449 826 7 548 512 0
Islamic Republic of Mauritania 4 244 878 919 398 0
Federal Republic of Somalia 17 597 511 294 851 0
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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