The 21st anniversary of the proclamation of the Arab Maghreb Union (AMU)

Date: 17/02/2010
Source: tunisia online news
Similarly to the rest of the Maghribi countries, Tunisia observes on Wednesday, the 21st anniversary of the proclamation of the Arab Maghreb Union (AMU) on February 17, 1989, "a milestone in the history of the Maghribi peoples united by a common historical and civilizational destiny", said President Ben Ali.

Tunisia continues to promote AMU's union process, and anchor the ties of brotherhood and cooperation between Maghribi countries. Tunisia hosted the first Maghribi summit in January 1990 and in April 1994, has endeavored, since the Tangiers conference in 1958 and especially since the foundation of AMU summit in Marrakesh in 1989, to achieve the objectives of the Arab Maghreb Union.

On the eve of the celebration of the 21st anniversary of the proclamation of AMU, President Ben Ali stressed that this anniversary will remain a "milestone in the history of the Maghreb" while reaffirming his commitment to reinforce the building of the Maghreb so as to lay the foundations for a new stage of partnership and complementarity among its States, writes the Tunisian Official Press Agency, TAP, in a communiqué released on this occasion.

Observers report that the cost of the "non-Maghreb" is exorbitant amounting to 1 to 2% in terms of GDP growth in the region.

On the positive side, 2010 is laden with good tidings with the forthcoming opening in Tunis of the North African Investment Bank that is expected to boost economic integration among countries of the region.