Jordan and Egypt sign Arab service sector FTA

Jordan

Published: 2018-04-12 18:02

Last Updated: 2018-04-13 12:43


Jordan and Egypt signed an agreement to free trade and commerce
Jordan and Egypt signed an agreement to free trade and commerce
Roya News Source

Jordan and Egypt signed a free trade agreement within the services domain during a side meeting in the 29th Arab summit for Ministers of Economy and Social affairs in Riyadh, Saudi Arabia on Thursday. The agreement will come into effect after three Arab countries ratify it.

Jordan and Egypt join eight other countries in the region that have signed the agreement; Saudi Arabia, United Arab Emirates, Qatar, Oman, Morocco, Lebanon, Sudan, Yemen.

Arab League Assistant Secretary, General Kamal Hassan Ali, stressed on the importance of the agreement as it establishes an Arab free-trade zone that will facilitate investments in the services domain, KUNA reported.

The Arab League summit in Riyadh hosts high-profile Arab officials from 22 countries and discusses issues pertaining to security, military forces, and the latest updates in the region. Palestine is likely to be the central topic of the talks.