The Brazilian private sector will request to anticipate tariff reductions in the free trade agreement between Mercosur and Egypt, in addition to demanding the inclusion of new products.
The full rollout of the African Continental Free Trade Area (AfCFTA) is being delayed as countries haggle over the overarching agreement on rules of origin and tariff reduction schedules.
France-based Vicat raised a case against the Egyptian government with the International Centre for Settlement of Investment Disputes in late June 2021. It concerns its cement production business.
South Korea’s Ambassador to Egypt has said that there are ongoing discussions between Egypt and his country, to initiate a feasibility study on an economic partnership agreement between the two countries.
President of the Federation of Egyptian Chambers of Commerce (FEDCOC) and head of the Federation of African Chambers of Trade, Industry and Agriculture, has launched an initiative to develop Egyptian-Russian economic relations.
The Egyptian Ministry of Petroleum and Mineral Resources announced the entry into force of the agreement related to the Damietta Liquefaction Plant, and the settlement of all claims.
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.
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 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.
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.
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.
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.
MERCOSUR agreement supports state’s current trend of increasing exports, opening of new markets, says Minister of Trade and Industry Nevine Gamea.
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.
A number of chapters have already been drafted; some others are nearing completion; the remaining chapters are still under expert evaluation.
The Eurasian Economic Commission continues to negotiate partnerships with Egypt, Israel and India, said EAEU trade official.
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 has agreed with Eni and Egypt to end their dispute over Unión Fenosa (UFG), in which the Spanish and Italian firms own 50% each.
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”.
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.