Greater Arab Free Trade Area (GAFTA)

The Greater Arab Free Trade Area (GAFTA) is a regional agreement among Arab countries to promote trade by reducing tariffs and other trade barriers on goods exchanged among member states. Established to encourage economic integration, GAFTA aims to boost intra-Arab commerce, increase competitiveness, and foster economic cooperation. By creating a larger, more accessible market, member countries can benefit from easier access to each other's products, support economic growth, and improve regional stability. Essentially, GAFTA works to make trading goods across Arab nations cheaper and simpler, helping economies grow together.