INTRODUCTION: The European Common Market has expanded its trade links with the Arab world. On?
INTRODUCTION: The European Common Market has expanded its trade links with the Arab world. On Tuesday (18 January), the Common Market signed agreements with Egypt, Jordan and Syria, increasing current economic trade ties by several hundred million (U.S.) dollars.
SYNOPSIS: The signing ceremony was conducted during a break in the Common Market's formal session, and set the seal on the Community's design for a Mediterranean policy. One of the signatories was Monsieur Claude Chaeysson, the Community's Commissioner for Development Aid. The Egyptian delegate was Mr. Zakarya Tawfik Abdel Fattah, Egyptian Minster for Trade and Supply. Jordanian Economy Minister, Mr. Nymeddin Dadjani, signed for his country, and another Economy Minister, Mr. Mohammed Immadi represented Syria. Britain's Foreign Secretary, Mr. Anthony Crosland, addressed the gathering.
The signing of the three agreements means Arab expansion of trade into Common Market countries and financial aid the other way of more than 185 million pounds sterling (324 million dollars). Similar agreements have already been concluded with three other Arab states -- Algeria, Morocco, and Tunisia -- and with Israel.