By United Nations
The 5th variation of the 2006 Annual assessment assesses growth made in integrating Arab economies into the realm economic climate and the level to which nearby integration has been accomplished. The evaluation goals to aid readers comprehend the possibilities and demanding situations of globalization, the necessity to expedite Arab neighborhood integration and the skill proposed for attaining such integration.
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Additional resources for Annual Review of Developments in Globalization and Regional Integration in the Arab Countries, 2006
4 per cent in 2004. The tourism sector remains an important pillar of Arab regional integration. A number of factors played a pivotal role in increasing intraregional tourism in some Arab countries, namely, Government support for the tourism sector, ongoing infrastructure development, active investment in the sector, relatively cheap travel tickets, geographical factors and border facilities for tourists. Increases in intraregional tourism were recorded in nine Arab countries: Bahrain, Egypt, Jordan, Lebanon, Morocco, Qatar, Saudi Arabia, Tunisia and Yemen.
23 Agreement. The Arab countries also signed a number of bilateral agreements, for example the trade agreement between Egypt and Jordan and the export development agreement between the Syrian Arab Republic and Yemen. intraregional trade, from $75 billion in 2004 to $98 billion in 2005, which is equivalent to a 30-per cent increase. The rise in Arab intraregional trade is also attributable to the outcome of agreements among Arab countries, above all the Agadir TABLE 9. 98 Sources: ESCWA, based on IMF, Direction of Trade Statistics, Yearbook 2005; IMF, Direction of Trade Statistics, Quarterly, September 2006; OAPEC, 32nd Annual Statistical Report.
Most remittances flowed from GCC countries to such non-oilexporting countries as Egypt, Jordan, Lebanon, the Sudan, the Syrian Arab Republic and Yemen. The ratio of intraregional workers’ remittances to GDP remained virtually unchanged except in Lebanon and Yemen. 4 per cent in 2005, a very pronounced increase which reflects the importance of such remittances to the Lebanese economy and increased Lebanese labour migration to Arab countries. 8 per cent in 2005, as GDP grew at a faster pace than workers’ remittances.