Arab Today, arab today rules formulated to pave way for arab ftz
Last Updated : GMT 14:31:22
Arab Today, arab today
Arab Today, arab today

Rules formulated to pave way for Arab FTZ

Arab Today, arab today

Arab Today, arab today Rules formulated to pave way for Arab FTZ

Jeddah - Arabstoday

The Arab League member countries are holding talks to formulate a rules of origin agreement (RO) governing commodities produced in Arab countries by the end of this year. The agreement is aimed at determining the country of origin of each commodity. This is expected to help pave the way for the establishment of an Arab Free Trade Zone (FTZ.) Muhammad Al-Tuwaijri, Arab League’s assistant secretary-general for Economic Affairs, said the member countries were formulating a detailed RO, calling on member countries to be determined to formulate rules that take into consideration Arab countries’ industrial factors and are compatible with the necessity to develop and integrate trade exchanges between them. Previously officials held talks and discussed a 40 percent value-added tax on Arab commodities, which were later amended. Current discussions were on points of negotiations that had previously been determined. Resulting agreements would be on specific principles that serve Arab trade, Al-Tuwaijri told Al-Eqtisadiah newspaper. In 2007 the member countries formulated preferential RO agreements, and so far detailed ROs were agreed upon for group Arab commodities, he said. “Before approving the rules, their effects on bilateral trade exchanges and Arab countries’ industrial abilities to adhere to them must be recognized, especially as the new rules come to amend previous ones approved by the Arab Economic and Social Council. The council previously raised the minimum value-added tax on some commodities from 40 to 50 and 60 percent,” he added. Products’ Country of Origin (COO) is the foundation on which the process of commercial commodity exchange between countries takes place. Without it, it is not possible to determine a commodity’s place of origin and consequently it will be difficult to categorize it, Al-Tuwaijri said, adding that COO data is necessary for determining customs duties and other customs procedures, including restrictions and obligations that countries have to apply according to countries’ trade agreements and protocols. From : Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rules formulated to pave way for arab ftz Arab Today, arab today rules formulated to pave way for arab ftz

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rules formulated to pave way for arab ftz Arab Today, arab today rules formulated to pave way for arab ftz

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday