Yemen lost $145m due to Arab Free Trade Zone

AME Info

Yemen lost $145m due to Arab Free Trade Zone

Tuesday, February 19 2008

Yemen lost $154m during 2005 - 2007 due to gradual reduction for customs and tax tariff within the agreement of the biggest Arab Free Trade Zone, reported Saba. The estimated increasing these losses up to $ 300m during this year and around $524m in 2009 to be $838m by 2010, expecting the losses in 2005-2010 reach $1816m.

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source: AME Info