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Arab Common Market

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Arab Common Market

Organization providing for the abolition of customs duties on agricultural products, and reductions on other items, between the member states: Egypt, Iraq, Jordan, Libya, Mauritania, Syria, and Yemen. It was founded in 1964.



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Economically, the plan calls for the establishment by 2005 of a zone "free of any administrative and technical restrictions"--a first step toward establishing an Arab common market.
 
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