December 9, 2020...2:01 am

Free Trade Agreement Eu Egypt

A joint committee, made up of representatives from EFTA states and Egypt, oversees and manages the implementation of the agreement (Articles 37 and 38). Parties may hold consultations and, in the absence of agreement, apply interim measures (Articles 39 and 40). The agreement contains provisions relating to state-owned commercial enterprises, subsidies and anti-dumping measures affecting trade relations between the contracting parties, as well as safeguarding disciplines. In June 2013, the EU and Egypt began talks on a comprehensive and comprehensive free trade agreement. Negotiations on trade in services are currently frozen. The parties are working to gradually liberalize and open their markets to trade in services, in accordance with the provisions of the General Agreement on Trade in Services (GATS) (Articles 26 and 27). The comprehensive agreement, exports to EU regions, fact sheets, aid to exporters Trade in processed agricultural products are part of 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. 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.

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. In response to events in the Arab world in 2011, the EU has highlighted ways to develop and deepen our trade and investment relations with its partners in the southern Mediterranean: the INTER association agreement between the EU and Egypt has been in force since 2004.