The Arab Parliament approved the legislative system for Arab economic integration, and it included five Arab draft laws and two visions, namely the Law on Investing Arab Capitals in the Arab Countries, a law to achieve food security in the Arab world, a law to regulate the orientation towards the digital economy in Arab countries, and a law on standards, and quality to facilitate the Arab trade exchange, and a transport law in the Arab world, in addition to the Arab Parliament’s vision on activating the common Arab market, and the Arab Parliament’s vision regarding the electrical interconnection project between the Arab countries.
In this context, the head of the Arab Parliament, Dr. Mishaal bin Fahm Al-Salami, affirmed that “the approval of this legislative system by the Arab Parliament comes in light of the low rate of trade exchange between Arab countries compared to the rate of trade exchange between them and other countries and global economic blocs,” explaining that “parliament’s approval to the Arab Legislative System for Arab Economic Integration aims to strengthen the economies of Arab countries and raise their ability to face challenges by strengthening the common denominators among them on complementary bases, raising the rates of Arab capital investment within Arab countries, increasing the rates of intra-Arab trade, and activating the Arab free trade area, and the Union Arab Customs, the Arab Common Market, and the establishment of joint economic, investment and agricultural projects in the Arab countries, and achieving Arab food security.
Source (Al-Khaleej Newspaper-UAE, Edited)
