• Short Summary

    AMMAN, JORDAN, WAS THE SCENE WHERE FIVE ARAB COUNTRIES SAW THE ARAB COMMON MARKET COMPLETE ITS FINAL STAGE ON TUESDAY (1 JULY).

  • Description

    AMMAN, JORDAN, WAS THE SCENE WHERE FIVE ARAB COUNTRIES SAW THE ARAB COMMON MARKET COMPLETE ITS FINAL STAGE ON TUESDAY (1 JULY). KING HUSSEIN OF JORDAN PRESIDED OVER THE TALKS IN AMMAN, WHICH MARKED A TIGHTENED ECONOMIC UNION BETWEEN MEMBERS OF THE ARAB LEAGUE STATES. OTHER ARAB LEADERS ATTENDED THE TALKS.

    THE UNION, WHICH ENTERED ITS FINAL STAGE ON 1 JULY, WAS SET UP IN JANUARY 1965. MEMBER NATIONS THEN AGREED TO REDUCE TRADE BARRIERS AT THE RATE OF TWENTY PER CENT A YEAR. THE UNION IS MODELLED ON THE EUROPEAN COMMON MARKET, AND IT GIVES A NEW DEAL TO FARMERS. IMPORT DUTIES AND TARIFF BARRIERS HAVE BEEN SCRAPPED, SO THERE IS NOW A FREE FLOW OF PRODUCE BETWEEN THE MEMBER COUNTRIES -- IRAQ, JORDAN, KUWAIT, SYRIA AND THE UNITED ARAB REPUBLIC.

    THE AGREEMENT ALSO PROVIDES FOR THE FREE FLOW OF MONEY BETWEEN MEMBER COUNTRIES, AND WORKERS WILL BE ABLE TO MOVE AROUND TO JOBS WITHIN THE COMMON MARKET WITHOUT HINDRANCE. THE NEW ECONOMIC AGREEMENT IS EXPECTED TO GIVE A BOOST TO INDUSTRY IN THE MIDDLE EAST BY FORGING A COMMON ECONOMIC POLICY. FOR THE GROWING NUMBER OF SKILLED MECHANICS, ENGINEERS AND OTHER TECHNICAL TRADESMEN WITHIN THE MEMBER COUNTRIES IT MEANS NEW JOB OPPORTUNITIES -- AND, ECONOMISTS SAY, AN INCREASINGLY HIGH STANDARD OF LIVING.

  • Tags

  • Data

    Film ID:
    VLVA6K2MPMRK6UHUJGARZIAVPOXKP
    Media URN:
    VLVA6K2MPMRK6UHUJGARZIAVPOXKP
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    04/07/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:32:00
    Time in/Out:
    /
    Canister:
    N/A

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