Objectives
- To formulate regulations, legislations, and tariffs, aiming at the creation of a unified Arab custom area.
- To co-ordinate foreign trade policies with a view to ensuring the co-ordination of the region's economy vis-à-vis world economy.
- To co-ordinate economic development and formulate programs for the attainment of joint Arab development project.
- To co-ordinate policies related to agriculture, industry, and internal trade.
- To co-ordinate financial and monetary policies with the aim of achieving monetary unity.
- To co-ordinate legislations for taxes and duties.
- To formulate unified regulations for transport and transit in the contracting countries.
- To draft common legislations on labour and social security.
- To prepare a budget for the CAEU council and its affiliated bodies.
Read more about this topic: Council Of Arab Economic Unity
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“Along the journey we commonly forget its goal. Almost every vocation is chosen and entered upon as a means to a purpose but is ultimately continued as a final purpose in itself. Forgetting our objectives is the most frequent stupidity in which we indulge ourselves.”
—Friedrich Nietzsche (1844–1900)