Arab countries to accelerate economic integration

摘要

Arab leaders meeting in Kuwait approved a declaration calling for steps to accelerate the economic integration of Arab states and confront the fallout of the global financial crisis. The leaders also approved a number of economic resolutions, including launching an Arab customs union in 2010, a pan Arab power grid and a rail network project. The leaders also announced the establishment of the Arab Development Fund with capital of USD 2 billion to provide loans and assistance for Arab joint projects. The declaration urged necessary steps to uplift the living standards of Arab citizens and to give priority to promoting inter Arab investments.