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With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade

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With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade Empty With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade

Post by claud39 on Thu Jan 23, 2020 8:47 am

With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade




23/01/2020





With the participation of the Sultanate - representatives of Arab countries discuss facilitating intra-regional trade Rc_157976427991_23







At the headquarters of the League of Arab States, the fourth meeting of the Technical Restrictions Committee on Trade within the framework of the Greater Arab Free Trade Zone chaired by Egypt and the participation of representatives of Arab member states concluded at the headquarters of the Arab League.

The Sultanate was represented at the meeting by Dr. Ahmed bin Salem bin Saeed Al Shammakhi, Director of the Conformity Department at the Ministry of Trade and Industry.

In a statement to "Oman", Dr. Ahmad Al Shammakhy said: The meeting discusses over a period of three days a draft legal text amending the annex on technical restrictions on trade within the framework of the Greater Arab Free Trade Area, noting that the preparation of this annex will have positive repercussions on the free trade area and facilitate Two-way trade.

Dr. Bahgat Abu Al-Nasr, Director of the Economic Integration Department of the League of Arab States, said in a statement: The General Secretariat of the League of Arab States received comments from seven Arab countries in addition to the Arab Organization for Industrial Development and Mining on that draft, as the draft was reconsidered in light of these observations Countries with the aim of arriving at a final drafting version of this appendix to be added to the FTA agreement, and the countries that have sent their comments are Jordan, Iraq, the Emirates, Saudi Arabia, Palestine and Qatar.

Abu Al-Nasr clarified that the mechanism for dealing with technical restrictions on trade is an integral part of any trade agreement between member states within the framework of the World Trade Organization, unlike the Free Trade Zone, which was originally based on the Arab Agreement for the Development and Facilitation of Trade Exchange in 1981, and therefore such a mechanism is not included. In the FTA agreement, hence the importance of adding a special legal annex on the subject of technical restrictions on trade to the Greater Arab Free Trade Agreement.

Abu Al-Nasr stressed that these restrictions focus on standards, specifications, transparency and technical procedures in customs outlets, and therefore these matters represent the most important restriction on trade in Arab countries, and for this it was necessary to prepare this appendix where the first version of it was prepared.
In light of the comments of the countries, this draft was reviewed and the goal is to reach a final version of this appendix that will be added to the FTA agreement.

He said: It is one of the most prominent technical restrictions that affect the movement of trade. The movement of commodity exchange between countries is the difference of specifications and standards, as well as issues related to transparency.









http://www.uabonline.org/en/news/arabicnews/15761605158815751585160315771575160415871604159116/72121/0
claud39
claud39
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