Free Trade Agreement Between Egypt And Eu

The European Union has free trade agreements [1] and other agreements with a trade component with many countries around the world and negotiates with many other countries. [2] The provisions relating to the protection of intellectual property rights (Article 23 and Appendix V) concern, among other things, patents, trademarks, copyrights and geographical indications. They are based on the WTO agreement on trade-related aspects of intellectual property rights (TRIPS) and provide a high level of protection, taking into account the principles of the most favoured nation and national treatment. 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. EFTA states are committed to providing economic cooperation and technical assistance to Egypt to facilitate the implementation of the agreement. This cooperation and support includes improving trade and investment opportunities and supporting Egypt`s efforts to ensure sustainable economic and social development. They will focus on sectors facing particular challenges, as well as sectors that will generate growth and employment (Articles 34-36). There are also bilateral Memorandums of Understanding on concrete technical cooperation projects between Iceland and Egypt, Norway and Egypt, as well as Switzerland and 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). 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. In addition, some EFTA states and Egypt have bilateral agreements on basic agricultural products, which are part of the free trade area`s creation instruments. 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). 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. The European Union negotiates free trade agreements on behalf of all its member states, as EU member states have granted “exclusive jurisdiction” to conclude trade agreements.

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