Bilateral Agreements

 

Egypt-EU partnership

 

The EU-Egypt Association Agreement provides Egypt with preferential access to the EU market of more than 500 million consumers. Under the agreement, EU member nations have opened their markets to Egyptian manufactured goods, while Egypt is phasing in access for similar European products. The agreement is also seeing the negotiation of significant liberalization in the trade of agricultural products, and each party enjoys Most Favored Nation status from the other in regard to trade in services. The agreement specifies the creation of a free-trade agreement over a period of 12 years


 

Egypt-EFTA partnership

 

EFTA (Iceland, Liechtenstein, Norway and Switzerland)-Egypt Free Trade Agreement covers trade in industrial products and basic agricultural products. The main objective of the Agreement is to achieve the liberalization of trade in goods in conformity with Article XXIV of the GATT 1994. By 1 January 2020, customs duties on almost all industrial products will have been eliminated

 


Qualifying Industrial Zones (QIZ)

 

Egypt offers the added benefit of duty-free access to the US market of more than 300 million consumers. This results from the Qualifying Industrial Zones (QIZ) protocol between Egypt, Israel and the US. The agreement allows duty-free access provided 35% is manufactured in a QIZ in Egypt and there is 10.5% Israeli content. It has resulted in a more than tenfold jump in Egyptian textiles and ready-made garments exports to the US in its first four years of operation

 


Agadir

 

The Agadir Declaration creates a free-trade zone between Egypt, Jordan, Tunisia and Morocco. The agreement offers member states tariff- and quota-free access to each other’s markets, as well as a rules-of-origin advantage. The customs agreement was fully enacted by the member countries throughout 2006 and 2007. Since its ratification, the agreement has promoted industrial and economic ties, al¬lowing for the co-production of products exportable to the European Union, other Arab countries and, of course, to member states.

 


 

Greater Arab Free Trade Agreement (GAFTA)

 

GAFTA has been ratified by 22 Arab nations. The agreement provides for the phasing out of cus¬toms and other fees and duties and the elimination of all non-tariff barriers including administrative, monetary, financial and technical barriers

 


 

Common Market for Eastern and Southern Africa (COMESA)

 

 The Common Market for Eastern and Southern Africa (COMESA) creates a full free-trade area among its 19 member states providing Egypt with duty-free access to a market of more than 450 million consumers. The COMESA states are important and growing trade partners for Egypt as it expands its economic activity on continental Africa. COMESA is creating a full free-trade area that will guarantee the movement of goods between member states and the removal of all tariff and non-tariff barriers.

 

 


Egypt Turkey Free Trade Agreement

 

Egypt Turkey Free Trade Agreement provides immediate access to the large Turkish market.


 

 

Egypt-MERCOSUR Agreement

 

The Egypt-MERCOSUR Agreement, signed in Buenos Aries on August 3rd , 2010 aiming to establish clear, predictable and lasting rules to promote the development of reciprocal trade and investments.

To strengthen relations between the Contracting Parties, to promote the expansion of trade and to provide the conditions and mechanisms to negotiate a Free Trade Area in conformity with the rules and disciplines of the World Trade Organization.

 


 

French Debt for Equity Swap

An opportunity to purchase Egyptian Pounds up to the equivalent of 25.135 Million Euros at attractive conditions to finance projects and acquisitions abroad.


 

 

Bilateral Investment Treaties Signed and into force

 

Bilateral investment treaties (BITs) are agreements between two countries for the reciprocal encouragement, promotion and protection of investments in each other's territories by companies based in either country.

  The main Benefits provided by (BITs) :

1. Protection of investment

2. Treatment of Investments & Investors

3. Free transfer of investment related payments

4. Compensation

5. Multiple alternatives for Settlement of Investment Disputes

6. Definitions

7. Investment promotion

 


Double Taxation Treaties

 

 


 

 

For More Information about Trade Agreements:

Contact  Mr. Michael Gamal Kaddes,  Trade Agreements and Foreign Trade Sector,

at the Ministry of Trade & Industry.

 

Contacts:

 

Tel:  +2 02 23422347

 

Fax: +2 02 23420496

 

Cell: +2 010 3414536

 

E-mail:

m.kaddes@tas.gov.eg

micheal_gk@yahoo.com

micheal_gk@hotmailcom