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
International forum on the present and future of the Trans-Pacific Partnership Agreement | 20-Nov-2014
‘TTIP would destroy small businesses’ | 20-Nov-2014
Fight secret copyright deals: A global TPP teach-in | 20-Nov-2014
CAP calls on govt to withdraw from TPPA negotiation | 19-Nov-2014
Trade deals criminalise farmers’ seeds | 18-Nov-2014
TPP deal not about trade, should be stopped | 17-Nov-2014
What is the TPPA and what does it mean for NZ? | 12-Nov-2014
TPP trade talks must stop | 12-Nov-2014
(mis)Communicating TTIP | 11-Nov-2014
800,000 sign petition against TTIP | 9-Nov-2014
Thousands rally against trade agreement | 9-Nov-2014
NZers rally against free trade deal | 7-Nov-2014