Primary indicators of foreign trade situation of Arab countries

• Ali. M. Faris

  Omar Al-Mukhtar University, Al-Bayda, Libya

  Author

• Faisal M. Shalloof

  Omar Al-Mukhtar University, Al-Bayda, Libya

  Author

International. trade is the exchange of good and services between countries. It occurs because a country is able to purchase goods a broad more cheaply that it can produce them at home. The result of trade is to increase a country's level of living . Two approaches have used in recent years to move towards free trade. One is the formulation of customs unions called the regional approach. The Arab countries free trade association was formed to encourage free trade between the Arab countries. The Arab role in international trade still weak and slow. The total exports of the Arab countries is 2.8% of the total world exports. The purpose of this paper is to take a look at the trade between Arab countries firstly and its position at international trade level. Also to encourage Arab countries to liberalize trade between themselves. The result of the study showed that all the agreements signed between the Arab countries to free trade did not take place as should be. The major barriers between the Arab countries are the tariffs, import quotas , and political differences. To increase ( encourage ) free trade between Arab countries, export subsidies reduction in tariffs, solving all the political problems are needed.

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