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Egypt Trade Agreements

For EFTA-Egypt trade statistics, see EFTA Trade Statistics Tool Trade in processed agricultural products is included in a protocol to the main agreement (Article 4, point b) and Protocol A). In addition, trade in agricultural commodities is covered by three bilateral agreements negotiated separately between Iceland (the agricultural agreement between Iceland and Egypt), Norway (an agricultural agreement between Norway and Egypt) and Switzerland/Liechtenstein (an agricultural agreement between Switzerland and Egypt), on the one hand, and Egypt on the other. These agreements, which are part of the instruments for creating the free trade area (Article 4, point d), provide for tariff concessions. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. In addition, Egypt has signed several bilateral agreements with Arab countries: Jordan (December 1999), Lebanon (March 1999), Libya (January 1991), Morocco (April 1999), Syria (December 1991) and Tunisia (March 1999). In addition, Egypt and China entered into a trade agreement in 1995. Egypt has also signed an economic treaty with Russia. In June 2001, Egypt signed an Association Agreement with the European Union (EU), which came into force on 1 June 2004. The agreement provided for immediate duty-free access of Egyptian products to EU markets, while duty-free access for EU products was phased in over a 12-year period. In 2010, Egypt and the EU concluded an agricultural annex to their free trade agreement and liberalized trade in more than 90% of agricultural goods.

In November 2010, the EU and Egypt signed a protocol establishing a dispute settlement mechanism for the trade parties of the Association Agreement. Egypt has not yet ratified the protocol. It would include, beyond the Association Agreement, trade in services, public procurement, competition, intellectual property rights and investment protection. The agreement also contains provisions for the elimination of other trade and trade-related barriers, including competition rules, state monopolies and subsidies. In addition, the agreement contains provisions relating to intellectual property protection, investment, services, current payments and capital flows, public procurement, economic cooperation and institutional and procedural issues. The agreement establishes a joint committee to oversee the implementation of the agreement and provide for a binding arbitration procedure. The Association Agreement between the EU and Egypt has been in force since 2004. It creates a free trade area between the EU and Egypt by removing tariffs on industrial products and facilitating trade in agricultural products. In 2004, Egypt signed the Agadir Agreement with Jordan, Morocco and Tunisia. This agreement removes all tariffs between them and harmonizes their rules on product standards and customs regulations. In June 2013, the EU and Egypt began discussions on how to deepen their trade and investment relations through a comprehensive and comprehensive free trade agreement (FTA).

The agreement covers trade in industrial products, including fish and other seafood, and processed agricultural products.

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