Economy of the Arab League

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The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years however, tourism has grown rapidly, becoming the fastest growing sector in the region. The Greater Arab Free Trade Area, founded in 1997, is a pan-Arab free trade area that effectively rendered 95% of all Arab World products free of customs tax. rdf:langString
rdf:langString Economy of the Arab League
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rdf:langString The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years however, tourism has grown rapidly, becoming the fastest growing sector in the region. The Greater Arab Free Trade Area, founded in 1997, is a pan-Arab free trade area that effectively rendered 95% of all Arab World products free of customs tax. The economic development in the Arab League exhibits a great diversity. There is a significant difference imbalance in the wealth between the rich oil states of the United Arab Emirates, Qatar, Kuwait and Saudi Arabia, and the developing nations within the League, such as Comoros, Mauritania and Djibouti.
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