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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. U.S. trade negotiators interviewed for the report repeatedly stressed that Egypt would have a „hard blow“ to meet the requirements of the free trade agreement in the near future. The issue of timing has also been brought home, U.S. trade policy is not in favor of trade liberalization by an overwhelming majority at the moment. However, it was also recognized that Egypt has, in many respects, been marked by a short straw in terms of timing, as delays have resulted only in more complex and demanding free trade agreements (attempts by the United States and the United Arab Emirates to obtain an exemption were halted in 2007 and still need to be resumed). Egypt`s trade with the EU, traditionally its largest trading partner, reached about 23 billion euros in 2012 ($31.4 billion), but early data showed it had declined slightly last year, Moran told Reuters news agency on the sidelines of the conference. The question of the value of a free trade agreement between the United States and Egypt arises.

The question should not be whether a free trade agreement would be in the interests of both parties, given that there is ample evidence in this regard. The question is what kind of free trade agreement would best meet the short- and long-term needs of both parties: flat integration or deep integration? The report argues that, despite several obstacles, it is in the interest of both countries to work quickly and resolutely on a comprehensive free trade agreement. 28. Netty Idayu Ismail and Ahmed Feteha, „Traders seeking refuge from volatility will find it in Egypt,“ Bloomberg, August 15, 2018. www.bloomberg.com/news/ article/2018-08-15/traders-looking-forrefuge-from-volatility will-find-it-in-egypt. The agreement covers trade in all fish and other seafood [Article 4, point c), and Appendix II]. EFTA states grant duty-free access to imports of all Egyptian fisheries products. With regard to EFTA exports to Egypt, the agreement provides for the reduction of tariffs within the quotas from the time the agreement enters into force.

Quotas for certain products will be abolished six years after the agreement comes into force. The parties intend to completely eliminate tariffs on all fish and other seafood within fourteen years of the agreement`s entry into force. Egypt currently benefits from two initiatives that are not exclusively aimed at Egypt, but aim to increase a country`s exports to the United States. The first is the U.S. Generalized System of Preferences (GSP), a preferential treatment program in which certain products can be designated duty-free for the United States. The second is the Qualifying Industrial Zone (QIZ) initiative, a unilateral free trade agreement that allows U.S.-made products to enter the United States duty-free, provided the finished products contain a percentage (10.5%) Israeli components. „We expect the study to be completed in a few months. The study will define what can be offered to Egyptians to facilitate trade, ambassador Daily News Egypt said after Iftar, adding that the new agreement would likely be something between the EU-Egypt Association Agreement already signed and the Deep and Comprehensive Free Trade Area (ACFTA). A brief overview of Egypt`s modern history will show that economic reforms have, in general, leads to social reform, whether after the open-door policy of the late President Anwar Sadat in the mid-1970s, which removed Egypt from socialism, or after the programme of economic restructuring and adjustice (ERSAP), with its increase in media freedom, student engagement and trade union activity in the late 1990s. Free media and well-informed citizens are the basis of a modern democratic country, declared