- About bilaterals.org
- How to participate
- Key issues
- Texts of agreements
Syria, Turkey, Lebanon and Jordan sign quadripartite FTA
Syria, Turkey, Lebanon and Jordan Sign Quadripartite FTA
Turkey will join an economic bloc comprising of the Middle Eastern states such as Syria, Lebanon and Jordan ahead of the protracted accession to the EU. Last weekend, the four nations jointly agreed to follow up on creating a free trade zone to boost trade exchanges particularly to support SMEs of respective countries by eliminating trade barriers.
The Turkish Foreign Trade Minister Zafer Çaglayan hosted the meeting, and was attended by the Syrian Economy and Trade Minister Lamia Assi, the Jordanian Minister of Industry and Trade Amir al-Hadidi and the Lebanese Economy and Trade Minister Mohammad Safadi. The meet decided to form a committee, the Close Neighbors Economic and Trade Partnership Council (CNETAC) to further its cause.
The committee will work on to sketch a roadmap to determine priorities regarding areas of co-operation, and will hold its first meeting in September in Amman, Jordan. The meet further informed that a follow-up of the CNETAC ministerial meeting would be held in the Syrian capital of Damascus in December.
Çaglayan apprised that the goal of the bloc would be to increase and diversify trade and investments among the four countries by creating a liberal trade and investment environment with a modern infrastructure at the international level, free from all tariff and non-tariff barriers, encompassed by a geography which fed a population of 105mn and, as of 2009, had a combined GDP of $723bn, imports amounted to $176bn and exports to $131bn.
In response, Lamia Assi said a Syrian market worth $300bn was awaiting Turkey, and the country could achieve a 40 percent advantage in trade with other Arab countries including Saudi Arabia by sending goods via Syria as her state enjoyed customs-free with Arab nations due to the Arab Free Trade Agreement.
According to the Turkish Trade Minister, the bilateral trade between Turkey and Syria is $795mn three years ago, but is $1.8bn by 2009.
Turkey’s proximity to the Middle Eastern countries has had invited criticisms from some quarters that the country was shifting its axis by turning away from the West and gradually becoming more of a Middle Eastern state. Çaglayan rebutted the argument by saying that Turkey’s axis was with the world but not region-centric.
By Jose Roy
Please join the more than 1.7 million people who have signed the European Citizen’s Initiative to stop TTIP and CETA. Help us reach the 2 million mark! https://stop-ttip.org/sign/
News from the movements
22-May-2015 Amigos de la TierraOrganizaciones lanzan una ciberacción para reclamar a los europarlamentarios que apuesten por la gente.
15-May-2015 Cumbre de los Pueblos 2015
Días de Movilización. Por la soberanía de los pueblos frente al poder de las transnacionales y la arquitectura de tratados de comercio e inversionesLes invitamos a un evento público de Lanzamiento de los Días de Movilización el 8 de junio, seguido de actividades de movilización el 9 y 10 de junio en las Maison des Associations en Bruselas.
15-May-2015 Jacobin MagazineOpponents of the trade deal being secretly negotiated between the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam have moved the discussion beyond its putative impact on jobs and growth and closer to the agreement’s broader ramifications, writes the IUF’s Peter Rossman.
13-May-2015 teleSUROn Monday, a coalition of Peruvian civil society organizations issued a strong warning as negotiations for the Trans Pacific Partnership treaty (TPP) come to an end.
13-May-2015 Common DreamsIn what was immediately heralded as a victory for the grassroots, Senate Democrats on Tuesday stymied President Barack Obama’s corporate-driven trade agenda by voting to prevent the chamber from taking up Fast Track legislation.
13-May-2015 EFFOpponents of sprawling and secretive international agreements won a significant victory today when U.S. Senators voted to block the advancement of its Fast Track trade bill.
12-May-2015 ARTEAvec cette enquête fouillée, qui interroge économistes orthodoxes ou contestataires, opposants au Tafta et simples citoyens, les enjeux de ce traité capital nous sont parfaitement exposés.
12-May-2015 Mining Watch
Stop the suits tour: International investment agreements threaten people and the environment from El Salvador to CanadaIn anticipation of an imminent ruling from a little-known arbitration tribunal at the World Bank that could force El Salvador to pay Canadian-Australian mining firm OceanaGold US$301 million, a Salvadoran delegation is visiting Canada to discuss how investor-state arbitration threatens democratic decision-making, public health and the environment here and beyond our borders.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Join us.