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Arab Maghreb Union

Trade agreement among North African Arab countries of the Maghreb

  • 4 min read
  • 5 chapters

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Through Gross domestic product and United Nations

Creation

The idea for an economic union of the Maghreb began with the independence of Tunisia and Morocco in 1956. It was not until thirty years later, though, that five Maghreb states - Algeria, Libya, Mauritania, Morocco, and Tunisia - met for the first Maghreb summit in 1988. The Union was established on 17 February 1989 when the treaty was signed by the member states in Marrakech. According to the Constitutive Act, its aim is to guarantee cooperation "with similar regional institutions... [to] take part in the enrichment of the international dialogue... [to] reinforce the independence of the member states and... [to] safeguard... their assets." Strategic relevance of the region is based on the fact that, collectively, it boasts large phosphate, oil, and gas reserves, and it is a transit centre to southern Europe. The success of the Union would, therefore, be economically important.

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