Egypt

Under George Bush’s administration, in 2003, the US Trade Representative is said to have ’punished’ Egypt by suspending all overtures towards an FTA when Egypt withdrew its support for a US dispute against the European Union on trade in genetically modified crops at the WTO. This lasted until late 2004, when the overtures started picking up again. However, the US froze FTA talks after allegations of fraud and corruption surrounding Egypt’s December 2005 elections and they have not restarted since.

In the meantime, the US brokered a deal between Egypt and Israel to set up a ’qualifying industrial zone’ between the two countries, which angered both Egyptians and Arab neighbours. In 2009, under Obama’s administration, US and Egyptian trade officials signed a Plan for a Strategic Partnership which pledged to follow “a program of intensified U.S.-Egyptian cooperation on economic, trade, and investment issues”. But there have been no substantive moves towards negotiating a bilateral FTA between the two countries.

The European Union has had a preferential trade agreement with Egypt since 2001, which it hopes to upgrade in the process of achieving a fullblown EU-Mediterranean FTA.

Egypt signed a bilateral FTA with Turkey in December 2005, and another with EFTA in 2007. In 2010 it signed an FTA with Mercosur. Regionally, it is party to the Agadir Agreement, GAFTA and COMESA. Cairo is currently negotiating or considering FTAs with Russia, India and Indonesia.

last update: May 2012


    Articles

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  • 2-Sep-2015 Le Point La Chine, le nouveau grand ami de l’Égypte ?
    Zones économiques spéciales, tourisme et même nucléaire, Le Caire multiplie les effets d’annonce sur la mirifique coopération sino-égyptienne.
  • 27-Aug-2015 Nile International President Sisi to discuss free trade, industrial zone, nuclear energy with Putin in Russia visit
    President Abdel-Fattah El-Sisi in Russia to discuss a number of economic projects as well as strategic issues with Russian President Vladimir Putin
  • 3-Jul-2015 Zawya Egypt eyes Mercosur FTA activation before 2015-end
    Egypt hopes to bring its preferential Free Trade Agreement (FTA) with the South American Common Market (Mercosur) into effect before the end of this year, minister of industry said Thursday.
  • 11-Jun-2015 MENAFN Egypt, Ethiopia negotiate FTA procedures between 2 countries
    Egypt negotiated with Ethiopia on Wednesday over procedures to establish a Free Trade Area in Ethiopia, according to head of the Industrial Development Authority Ismail Gaber.
  • 10-Feb-2015 Public Radio of Armenia Egypt reaches free trade agreement with Eurasian Economic Union
    Egypt has reached a free trade zone agreement with the Eurasian Economic Union (Russia, Kazakhstan, Armenia, Belarus), Egyptian President Abdel Fattah Sisi said Tuesday.
  • 10-Feb-2015 Sputnik Egypte-UEEA: création d’une une zone de libre-échange
    Un accord de création d’une zone de libre-échange entre l’Egypte et l’Union économique eurasiatique (Russie, Kazakhstan, Biélorussie) a été conclu, a annoncé mardi au Caire le président égyptien Abdel Fattah al-Sissi.
  • 26-Dec-2014 APA Egypt to add more jobs, trade agreements in 2015
    The Egyptian government expects to begin negotiations for free trade agreements with the Eurasian Economic Union, as well as with African economic blocs such as COMESA, SADEC and EALA, and to sign a deal with MERCOSUR in Latin America.
  • 29-Oct-2014 Hurriyet Daily Egypt to hurt its economy by canceling trade agreement: Turkish Foreign Ministry
    Egypt has decided not to extend a comprehensive free trade agreement signed with Turkey during the rule of the ousted ex-President Mohamed Morsi, the MENA news agency reported on Oct. 28.
  • 29-Aug-2014 ESIS Egypt eyes further economic ties with Brazil
    Industry and Trade Minister Mounir Fakhry Abdel Nour said the Egyptian government is keen to activate the Egypt-Mercosur free trade agreement that Egypt has signed in 2010 with the Southern Common Market economic bloc.
  • 23-Aug-2014 SIS Russia asks Egypt to start negotiations on agreement with Eurasian customs union
    Russia has asked Egypt to start negotiations to sign a free trade agreement with the Eurasian Customs Union, which groups Russia, Kazakhstan and Belarus, said Minister of Trade and Industry Mounir Fakhri Abdel-Nour.
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    Links

  • Egypt FTAs
    Egypt’s preferential and free trade agreements