Egypt
Egypt hopes to bring its preferential Free Trade Agreement (FTA) with the South American Common Market (Mercosur) into effect before the end of this year, minister of industry said Thursday.
Egypt negotiated with Ethiopia on Wednesday over procedures to establish a Free Trade Area in Ethiopia, according to head of the Industrial Development Authority Ismail Gaber.
The completion of the Free Trade Area (FTA) procedures among the three African blocs, SADC, COMESA and the East African Community (EAC), depends on the unification of the rules of origin and tariff, according to Egypt’s Minister of Industry and Trade Mounir Fakhry Abdel Nour.
“We are studying establishing a unit at GAFI to provide economic and investment information to African countries,” says investment minister
Foreign investment is crucial for reviving Egypt’s economy, but a new report reveals it can come at a considerable cost, writes Stefan Weichert
Egypt has reached a free trade zone agreement with the Eurasian Economic Union (Russia, Kazakhstan, Armenia, Belarus), Egyptian President Abdel Fattah Sisi said Tuesday.
The Egyptian government expects to begin negotiations for free trade agreements with the Eurasian Economic Union, as well as with African economic blocs such as COMESA, SADEC and EALA, and to sign a deal with MERCOSUR in Latin America.
Egypt has decided not to extend a comprehensive free trade agreement signed with Turkey during the rule of the ousted ex-President Mohamed Morsi, the MENA news agency reported on Oct. 28.
Industry and Trade Minister Mounir Fakhry Abdel Nour said the Egyptian government is keen to activate the Egypt-Mercosur free trade agreement that Egypt has signed in 2010 with the Southern Common Market economic bloc.
Russia has asked Egypt to start negotiations to sign a free trade agreement with the Eurasian Customs Union, which groups Russia, Kazakhstan and Belarus, said Minister of Trade and Industry Mounir Fakhri Abdel-Nour.
Russia will increase exports of wheat to Egypt and imports of other agriculture products from it, Russian officials said on Tuesday as the two countries discussed the potential for a free trade zone.
The Qatar-based satellite network Al Jazeera served Egypt with a $150 million compensation claim on Monday for what it said was damage to its business inflicted by Cairo’s military rulers, a step likely to worsen Qatari-Egyptian relations.
Al Jazeera has lodged a $150m claim for compensation against Egypt, turning to an international investor arbitration tribunal in its latest bid to fight a crackdown by the government in Cairo.
In a letter addressed to the representatives of the European Commission, FIDH, CNCD 11.11.11 and Aitec express their concerns on the way human rights are taken into account in the impact assessment regarding the future DCFTA between the EU and Egypt.
Egypt is exploring the possibility of negotiatng a free trade zone between Egypt and the countries of the Customs Union, which include Russia, Belarus and Kazakhstan.
The European Union wants to restart talks with Egypt over a wider free trade deal that could help double the value of commercial exchanges in the next few years, the EU ambassador to Cairo said on Monday.
Belarus’ Ambassador to Egypt Sergei Rachkov and Egypt’s Deputy Foreign Minister for Economic Affairs Maghdi Radi have discussed a possibility to establish a free trade area (FTA) between Egypt and the Customs Union (CU) at a meeting in Egypt on 10 February, BelTA learnt from the press service of the Belarusian Foreign Ministry.
Egypt’s Ambassador delivered the original ratification document of the Arab Republic of Egypt on the Free Trade Agreement signed with the Mercosur on 2/8/2010 to the Secretariat of the organization.
Egypt has just endorsed the Free Trade Area agreement signed with the Mercosur (Southern American Common Market) on August 2, 2010, said Deputy Spokesman for the Foreign Ministry Nazieh el-Nagari.
The European Union’s Foreign Affairs Council decision of 14 December 2011 to grant the European Commission a negotiation mandate to study and launch negotiations for Deep and Comprehensive Free Trade Agreements (DCFTA) with Morocco, Jordan, Tunisia and Egypt, which would extend current partial free trade areas in goods to incorporate services and public procurement and some regulatory harmonization with the EU, are part of the Union’s broader trade strategy.
