Council of Arab Economic Unity | |
---|---|
Administrative center | Cairo, Egypt |
Official language | Arabic |
Type | Trade bloc |
Membership | 4 candidates |
Leaders | |
• Secretary General | Mohammadi Ahmed Al-Ni |
Establishment | 3 June 1957 |
• GAFTA signed | 1 January 1998 |
• GAFTA in force | 1 January 2005 |
GDP (PPP) | 2019 estimate |
• Total | $7.649 trillion (4th) |
GDP (nominal) | 2019 estimate |
• Total | $2.819 trillion (7th) |
The Council of Arab Economic Unity (CAEU) (Arabic: مجلس الوحدة الاقتصادية العربية) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 by the Economic Council of the Arab League.[1]