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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
Upcoming days of action
8 Oct: mobilisation in Luxembourg against CETA - contact
8-15 oct: October of resistance against TTIP and CETA in Spain - contact
15 Oct: mobilisation in Paris against CETA - contact
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22 Oct: mobilisation in Amsterdam against CETA - contact
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Any edits, please contact us
News from the movements
28-Sep-2016 Global Labour ColumnFor decades, labour has been fighting purely defensive battles against the neo-liberal trade and investment agenda; we lack an agenda of our own. Lost ground will not be reclaimed on what is fundamentally hostile territory, argues Peter Rossmann of the IUF.
26-Sep-2016 No al TTIP
Aprobada en Les Corts Valencianes una iniciativa para instar al Gobierno central a no autorizar la firma del Acuerdo Económico y Comercial Global (CETA)Un total de 32 ayuntamientos valencianos, que aglutinan a más de un millón de personas, han rechazado este acuerdo.
23-Sep-2016 La DiariaSuplemento especial elaborado por La Diaria, Uruguay, dedicado a los Tratados de Libre Comercio.
23-Sep-2016 TeleSurDozens of Indigenous people in Peru have been absolved of accusations that they were responsible for a massacre seven years ago that killed at least 32 people, due to intense conflict triggered by the country’s free trade agreements.
22-Sep-2016 CADTMIl est urgent de lever le silence qui entoure cette question dans notre pays et de présenter des éléments de réflexion critique et de débat sur ce sujet
21-Sep-2016 El EconomistaMiles de personas se manifestaron hoy (20-9) en el barrio europeo de Bruselas contra el TTIP y el pacto comercial ya cerrado con Canadá (conocido por CETA), aún pendiente de ratificación.
21-Sep-2016 EurActivThousands of protesters marched through Brussels to demand the European Union abandon planned transatlantic free trade deals.
21-Sep-2016 Le MondePlusieurs milliers de personnes manifestaient à Bruxelles pour dénoncer le traité de libre-échange transatlantique que l’UE négocie avec les Etats-Unis (TTIP) et son équivalent avec le Canada (CETA).
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