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2025/05/16
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Latest News:
PM emphasizes Germany's role in backing government's efforts to address pressing priorities
Tareq Saleh discusses with the Governor of Taiz and the Deputy Minister of Transport the acceleration ..
PM, U.S. Ambassador discuss bilateral relations
Prime Minister Receives Secretary-General of Gulf Cooperation Council
Deputy Foreign Minister discusses ways to enhance cooperation with Italian Official
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:
diversification - protectionist - repercussions - Washington's - indication - threatened - equivalent - increasing - Commission - remarkable -
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