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Last Update: ،
2025/10/01
Time
11:22:10
Latest News:
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Latest News:
Minister of Interior discusses with British Ambassador enhancing cooperation in security field
Russian President Vladimir Putin Appoints New Ambassador to Yemen
Presidential Council Member Meets US Ambassador to Yemen
Basuhaib discusses with UNICEF, international partners interventions to combat malnutrition
Agriculture Ministry Deputies and French Ambassador Discuss Support for Agriculture and Fisheries Sectors
UN-ESCWA warns of repercussions of US tariffs on Arab economies
[20/04/2025 11:28]
BEIURT-SABA
The United Nations Economic and Social Commission for Western Asia (ESCWA) has warned of the repercussions of the new tariffs imposed by the United States of America on the economies of Arab countries.
The ESCWA affirmed that the US newly imposed tariffs threaten non-oil Arab exports to the US market estimated at $ 22 billion.
Arab exports to the United States declined from $91 billion in 2013 (equivalent to 6 percent of the region's total exports) to only $48 billion in 2024 (3.5 percent), as a result of Washington's lower imports of crude oil and petroleum products.
On the other hand, non-oil exports from Arab countries to the United States recorded remarkable growth, rising from $ 14 billion to $ 22 billion during the same period, in an indication of increasing economic diversification that is now threatened by US protectionist measures.
The United Nations Economic and Social Commission for Western Asia (ESCWA) has warned of the repercussions of the new tariffs imposed by the United States of America on the economies of Arab countries.
The ESCWA affirmed that the US newly imposed tariffs threaten non-oil Arab exports to the US market estimated at $ 22 billion.
Arab exports to the United States declined from $91 billion in 2013 (equivalent to 6 percent of the region's total exports) to only $48 billion in 2024 (3.5 percent), as a result of Washington's lower imports of crude oil and petroleum products.
On the other hand, non-oil exports from Arab countries to the United States recorded remarkable growth, rising from $ 14 billion to $ 22 billion during the same period, in an indication of increasing economic diversification that is now threatened by US protectionist measures.
Key words:
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