Egypt’s trade minister on Tuesday courted badly needed US investment with a promise Cairo would maintain open markets, and said the Egyptian government was open to pursuing free trade talks with the United States.
The European Commission welcomes today’s decision of the EU Foreign Affairs Council to authorise the opening of trade negotiations with Egypt, Jordan, Morocco and Tunisia as soon as the necessary preparatory process is completed.
A top Republican lawmaker urged President Barack Obama’s administration on Wednesday to pursue trade talks with Egypt to help shape the nascent democracy after a tumultuous year.
The European Union Foreign Affairs Council on Trade Monday agreed to begin negotiations on "direct and comprehensive" free trade agreements with Egypt, Jordan, Morocco and Tunisia.
In violation of international agreements, natural gas has not flowed for months across the Sinai desert through the pipeline that connects Israel and Jordan to Egypt. Since former President Hosni Mubarak’s fall in February, political uncertainty and intermittent attacks have halted its delivery.
UAE companies that have invested in Egypt may stand to lose millions of dollars as the state runs an investigation into alleged corruption by former government officials who sold land and assets to investors below market prices, lawyers say.
Damac Properties is to fight the conviction of its chairman on Egyptian corruption charges by filing a case with the International Center for Settlement of Investment Disputes (ICSID), the company announced yesterday.
Egyptian Ambassador to Lima Hesham Khalil reported Saturday that Peru and his country are holding talks to sign a trade agreement that enables to increase trade between both nations.
Egypt will sign next week a free trade agreement with the Latin American Grouping Mercosur, according to Minister of Trade & Industry Rasheed Mohamed Rasheed.
Egypt is looking to mitigate the negative short-term effects of the weakening euro by diversifying its trade partners and increasing volumes with members of the European Free Trade Association, the country’s trade minister said.
Egypt expects to complete free trade negotiations with the four Mercosur countries — Brazil, Argentina, Uruguay and Paraguay — in July, Egypt’s trade minister said on Wednesday.
US Trade Representative Ron Kirk will travel to Egypt next week for talks with a key Arab ally that has long wanted a free trade agreement with the United States.
Officials from Egypt and Russia will meet in Cairo in July to continue negotiations for a free trade agreement between the two countries
The attraction for the Chinese is partly the large number of preferential trade agreements that Egypt has with Europe, Africa and the Middle East.
The governments of Indonesia and Egypt agreed to start talks on possible free trade agreement in no time, according to Trade Minister Mari Elka Pangestu
Agricultural trade between EU and Egypt has been further liberalized under a revision to the EU-Egypt Association Agreement, causing concern in Spain
The European Union’s Council of Ministers on Saturday confirmed the signing of an agreement with Egypt aimed at greater liberalisation of reciprocal trade in agricultural products, processed agricultural products and fish and fishery products.
Egypt has asked the United States to expand preferential trade industrial export zones in southern Egypt, but a bilateral free trade deal is “off the table” for now, Trade Minister Rachid Mohamed Rachid said yesterday.
A couple of weeks ago, following the discovery of some cases of brown rot, the EU decided to impose a ban on Egyptian potato exports. The Egyptian government believes that the reason behind the move is to protect local European produce from competition.
President Dmitry Medvedev is embarking Tuesday on a four-day African tour, beginning with a visit to Egyptian President Hosni Mubarak before moving on to Nigeria, Namibia and Angola. Medvedev’s trip appears focused on helping Russian companies gain additional access to the continent’s natural resources wealth.