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AMU

Arab Maghreb Union


Arab Maghreb Union to accelerate setting up of free-trade area
The ninth session of trade ministers from the Arab Maghreb Union (AMU) ended on Monday in Tripoli with the reaffirmation to accelerate the setting up of a free-trade area within member countries of the organization.
Reviving the Maghreb Union through economy before politics
Foreign ministers of the Arab Maghreb Union (AMU) announced at the conclusion of their 26th round in Rabat that they would establish a Maghreb investment and trade bank owned by the central banks of the five AMU member states (Morocco, Tunisia, Algeria, Libya and Mauritania) with an initial capital of $1 billion, i.e. sevenfold the total assets of their commercial banks.