The next time your Wal-Mart sweatpants read “Made in Jordan QIZ” on the label, consider the relationship between economic integration and peace. The truth might not be what you expect.
US Commerce Secretary Carlos Gutierrez said on Thursday he believed Egypt and the United States were destined to negotiate a free trade agreement, reviving hopes of a deal dashed many times.
The 3rd EU-Egypt Association Council has adopted the EU-Egypt Action Plan under the European Neighbourhood Policy which will set the agenda for the EU-Egypt cooperation for the next 3-5 years. With the adoption of this Action Plan, Egypt and the EU agree to enter into intensified political, security, economic, trade, investment, scientific, technological and cultural relations.
The issue of an Egyptian-American free trade agreement figured prominently on the agenda of talks between Egyptian Minister of Trade and Industry Rashid Mohamed Rashid and US Deputy Secretary of Commerce David Sampson last week.
Switzerland and its fellow European Free Trade Association (Efta) members have signed a free trade agreement with Egypt. A statement also announced that Efta ministers had met the Indonesian trade minister with a view to concluding a similar accord.
Pakistan and Egypt on Friday decided to start negotiations for Free Trade Agreement (FTA) between the two countries to promote trade and economic activities.
A free trade agreement is scheduled to be signed between Egypt and the European Free Trade Association (EFTA) on Saturday in Davos.
"We do not need a free trade agreement with the UAE as there is already the Pan-Arab Free Trade Agreement (PAFTA), which we will implement," Prime Minister Dr Nadeef said. PAFTA is an agreement to establish a pan-Arab free trade area by 2008.
Egypt will be ready to create free trade area with Europe in three years, announced prime minister Ahmed Nazif. The Arab country already has a tariff preference agreement with the EU, but it does not include all products traded.
Singapore and Egypt have signed a Declaration of Intent to start negotiations on the Egypt-Singapore Comprehensive Economic Cooperation Agreement (CECA).
Egypt and the European Free Trade Association (EFTA) have agreed to establish a free trade zone between the two sides, Egypt’s news agency MENA reported on Wednesday.
A number of African governments have made efforts to encourage investment in the continent by entering into bilateral investment treaties and adopting arbitration legislation.
As Egypt continues to grow at a near-unprecedented rate, Australia is looking to claim its share of the most vibrant and diverse economy in the region. Relations between the two countries go back decades, but Australian trade officials admit ties still need work as they eye opportunities in Egypt’s strategic location, large local market and lucrative free-trade agreements (FTAs) - including the EU-Egypt Association Agreement - that open the door to even larger markets.
Egypt and the European Union failed to wrap up a "neighbourhood action plan" because of differences over human rights in Egypt and nuclear weapons in the Middle East, an EU official said yesterday.
The World Economic Forum on the Middle East concluded in Egypt last month with the drawing up of a list of objectives aimed at driving the growth of the regional economy. In the wake of these talks one thing is clear; business in many sectors is booming and Egypt’s manufacturing industry is reaping the rewards of the Arab Free Trade Agreement (AFTA).
After breaking the ice by launching the preferential trade agreement among Developing Eight (D-8) countries, Indonesian Trade Minister Mari E. Pangestu envisions that the agreement would lead to a free trade arrangement for member countries in less than 15 years.
Despite a free trade agreement between Morocco and Egypt, entered in force in 1999, trade exchanges remain meager between the two.
In Egypt, just because a couple is engaged doesn’t mean they’ll get married.
At a recent AmCham gathering, discussions with a US congressional staffer made clear that if FTA negotiations were not launched soon, Egypt would have to wait until at least 2010.
"The time is not right." US Commerce Secretary Carlos Gutierrez’s terse statement summed up his answers to repeated questions as to why negotiations for a free trade agreement (FTA) between Egypt and the US appear to have been abandoned.