Arab Free Trade Area
The Arab Free Trade Area (AFTA) is a regional trade agreement established to promote economic integration among member states of the Arab League. It aims to reduce tariffs and trade barriers, facilitating the free flow of goods and services across member countries. AFTA was officially launched in 1997, with the goal of enhancing trade cooperation and boosting economic growth within the region.
By eliminating tariffs on a wide range of products, AFTA encourages intra-Arab trade and strengthens economic ties among its members. The agreement also seeks to create a more competitive market environment, benefiting both consumers and businesses in the Arab world.