--- Inter-Banking restrictions between Jordan, Lebanon, Syria and Turkey have been demolished by the 4 Central Banks.
Read more: The Daily Star - Business Articles - Arab banks urged to expand in Middle East
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--- Much of the 75 projects initiated by the 4 Business and Trade Chambers have been implemented
Turkish President regarding the projects of the 4 Business and Trade Chambers
--- Turkish population has reached 82.6 Million, thereby equaling Germany
Syria: Talking Turkey | Oxford Business Group
--- Common-Market between Jordan, Lebanon, Syria and Turkey which was signed on January 2011 in Istanbul is in its 4th year.
It is 4 country common-market, where the combined GDP of the other 3 countries is 6 times smaller then Turkey`s GDP.
Banking regulations are diminished, thereby easing financing of economical activities of Turkish companies in those countries, and the 4 Business Unions of all 4 countries have or are still implementing 75 projects to fully integrate the economies.
Turkey will simply absorb them economically with a potential common currency.
Arab economies face import onslaught
...closer trade ties have already begun causing economic disruptions in Syria and could threaten the other Arab partners as Turkey's industrial juggernaut gains freer access to their markets.
Arab economies face import onslaught - Arab News
Read more: The Daily Star - Business Articles - Arab banks urged to expand in Middle East
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Ibrahim Turhan, central bank deputy governor, called on colleagues at a conference in Beirut this month to cooperate in financial supervision and develop a new clearing and settlement system for the region.
Although I do not undervalue the emotional aspects of this initiative to foster regional integration, yet there are less heavenly and more earthly underlying elements in it, he said.
We should think big and see our region including Turkey, Syria, Lebanon and Jordan as an integrated whole market which has more than 100m of population and produces almost $900bn of GDP.
FT.com - beyondbrics: News and views on emerging markets
--- Much of the 75 projects initiated by the 4 Business and Trade Chambers have been implemented
People's Daily OnlineBusiness organizations from Turkey, Syria, Lebanon and Jordan Friday adopted an action plan to carry out joint projects to facilitate the integration of the four economies, local media reported on Saturday.
The organizations decided to implement 75 projects under 14 chapters, including transportation and logistics, finance, investments, energy security, tourism, education and culture
Turkish President regarding the projects of the 4 Business and Trade Chambers
Sometimes official signatures adorn agreements but dont go beyond that. However, if the private sector signs something, it has substance. Their agreements are immediately followed by trade. If a business brings in profit, everyone wants a share and looks to its potential,
Businessmen take huge step towards borderless Mideast
--- Turkish population has reached 82.6 Million, thereby equaling Germany
Syria: Talking Turkey | Oxford Business Group
--- Common-Market between Jordan, Lebanon, Syria and Turkey which was signed on January 2011 in Istanbul is in its 4th year.
It is 4 country common-market, where the combined GDP of the other 3 countries is 6 times smaller then Turkey`s GDP.
Banking regulations are diminished, thereby easing financing of economical activities of Turkish companies in those countries, and the 4 Business Unions of all 4 countries have or are still implementing 75 projects to fully integrate the economies.
Turkey will simply absorb them economically with a potential common currency.
Syrian Transportation Minister Yaraub Badr
Common market and monetary union
The regional economic integration model will include steps toward a free-trade zone, customs union, common market, common monetary union and economic union in the future
[...]
We have all the energy sources in the Middle East and the production facilities and know-how in Turkey.
Mediterranean quartet taking step toward union, says Syrian minister - Hurriyet Daily News and Economic Review
Arab economies face import onslaught
...closer trade ties have already begun causing economic disruptions in Syria and could threaten the other Arab partners as Turkey's industrial juggernaut gains freer access to their markets.
Arab economies face import onslaught - Arab News