Council of Arab Economic Unity (CAEU; in Arabic, Al-Jam Eiyyah Al-DArabiyyah Lil-Wihdah Al-Iqtisadiyyah)
COUNCIL OF ARAB ECONOMIC UNITY (CAEU; in Arabic, al-Jamʿiyyah al-ʾArabiyyah Lil-wihdah al-Iqtisadiyyah)
A specialized institution of the League of Arab States, the Council was created in 1957 to promote the progressive economic integration of its member states. In 1964, with the Arab Economic Unity Agreement, the Council established an Arab Common Market, whose membership now formally includes Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Somalia, Sudan, Syria, and Yemen.
SEE ALSO League of Arab States.