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Egypt


Egyptian-Turkish trade agreement comes under fire
A member of the Egyptian parliament called for the need to reconsider the free trade agreement between Egypt and Turkey signed 15 years ago, claiming that it harms Egyptian interests and favors Turkish exporters.
EAEU to set up free trade zones with Egypt, India, Indonesia, Mongolia
The Eurasian Economic Union (EAEU) is conducting necessary work to conclude free trade agreements with Egypt, India, Indonesia, and Mongolia. In particular, EAEU plan to resume the negotiation process in the first half of the year, to hold negotiations along the tracks that they have.
Ukraine plans to negotiate on free trade area with China, Egypt, Jordan, Indonesia
Ukraine has started preparations for negotiations on new agreements on a free trade area (FTA) with Egypt, Jordan, Indonesia and China, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
Egypt, Eurasian Economic Union discuss free trade agreement
Officials met as part of preparations for the fourth round of negotiations between Egypt and the EAEU on free trade agreement, which is scheduled to be held in the first quarter of 2021.
UK, Egypt sign post-Brexit trade agreement
The agreement will allow British businesses and consumers to benefit from continued preferential access to the Egyptian market after the end of the Brexit transition period.
Egypt wins international arbitration against two Spanish companies demanding €236m compensation
The ICSID has turned down a lawsuit filed by Spanish companies Cementos La Union and Aridos Jativa against the Egyptian State, demanding a compensation of more than €236 million.
Egypt to exempt 600 MERCOSUR-bound export items from customs in September
MERCOSUR agreement supports state’s current trend of increasing exports, opening of new markets, says Minister of Trade and Industry Nevine Gamea.
Egypt, UK to sign free trade agreement after Brexit: Trade Minister
Egypt will soon sign a free trade agreement with the UK following the latter’s exit from the EU, commonly known as Brexit, according to Minister of Trade and Industry Nevine Gamea.
EAEU, Egypt to step up FTA talks
A number of chapters have already been drafted; some others are nearing completion; the remaining chapters are still under expert evaluation.
Eurasian Economic Commission expands talks on free trade zones
The Eurasian Economic Commission continues to negotiate partnerships with Egypt, Israel and India, said EAEU trade official.
Eni and Naturgy’s Damietta gas plant deal with Egypt falls through
In the meantime, Naturgy said it would go back to pursuing a legal claim to $2 billion in compensation its joint venture with ENI was awarded in the case by the World Bank’s ICSID in 2018.
Naturgy leaves Egypt, ending its alliance with ENI in Unión Fenosa after almost 8 years of disputes
Naturgy has agreed with Eni and Egypt to end their dispute over Unión Fenosa (UFG), in which the Spanish and Italian firms own 50% each.
Egypt MPs call for annulling free trade deal with Turkey
Tension between Egypt and Turkey surfaced again as the industry committee at the Egyptian parliament called for annulling the free trade agreement between the two countries, saying it “harms local products”.
Egypt-EAEU to reach free trade zone agreement by mid-2020 - Egypt’s Trade Minister
The Eurasian Economic Union (EAEU) and Egypt may sign a free trade zone agreement by mid-2020, Egypt’s Minister of Trade and Industry said.
Australian miner sues Egyptian government over collapse of billion-dollar deal
Australian company planned was to mine tantulum, but seventeen years later, the company is suing the Egyptian government for potentially hundreds of millions of dollars after the military regime blocked plans.
Egypt, US to promote greater reciprocal market access for agricultural, industrial goods
Egypt and the United States are seeking ways to promote a greater reciprocal market access for agricultural and industrial goods following the latest talks of the Trade and Investment Framework Agreement .
Interview: Free trade deal to benefit Chinese companies in Egypt, Africa: expert
The African Continental Free Trade Agreement (AfCFTA) is very important for Chinese companies in Africa, particularly in Egypt, an Egyptian economic expert said.
Egypt, EAEU seek establishing free trade zone
The talks took up the issues of customs cooperation, trade movement and rules of origin along with competition and prevention of monopoly.
Egypt - British Petroceltic files arbitration case against EGPC
British Petroceltic announced filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s ICSID.
Russia plans to sign free trade zone agreements with five countries soon
Russia expects to make free trade zones agreement with Israel, Singapore, India, Egypt and Iran in coming future, First Deputy Minister of Industry Sergey Tsyb said.