LOC13:14
10:14 GMT
Jordan and Egypt signed an agreement to free trade and commerce
RIYADH, April 12 (KUNA) -- Jordan and Egypt signed Thursday an agreement to free trade and commerce within the services domain on the sideline of the 29th Arab Summit's meeting for Ministers of Economy and Social Affairs.
With the signing, Jordan and Egypt join Saudi Arabia, the UAE, Qatar, Oman, Morocco, Lebanon, Sudan, Yemen, Jordan in the agreement.
Assistant Undersecretary for Economic Affairs at the Arab League Kamal Ali said that the agreement was part of the grand Arab free-trade zone, adding that it would open the gates for investments within the services domain for those agreeing to the deal.
The deal will gradually improve commerce within the services domain amongst members in the upcoming 12 years, said the official.
The Arab Economic and Social Council continues its proceedings and will forward its findings to the Foreign Ministers meeting later today. (end)
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