In addition, Egypt has signed several bilateral agreements with Arab countries: Jordan (December 1999), Lebanon (March 1999), Libya (January 1991), Morocco (April 1999), Syria (December 1991) and Tunisia (March 1999). In addition, Egypt and China concluded a trade agreement in 1995. Egypt has also signed an economic agreement with Russia. In June 2001, Egypt signed an Association Agreement with the European Union (EU), which entered into force on 1 June 2004. The agreement provided for immediate duty-free access for Egyptian products to EU markets, while duty-free access for EU products was progressive over a twelve-year period. In 2010, Egypt and the EU concluded an agricultural annex to their free trade agreement and liberalized trade in more than 90% of agricultural products. In addition, the Agreement contains provisions on the protection of intellectual property, investment, services, current payments and capital movements, public procurement, economic cooperation and institutional and procedural matters. The Agreement provides for the establishment of a Joint Committee to monitor the application of the Agreement and to provide for a binding arbitration procedure. In 2004, Egypt signed the Agadir Agreement with Jordan, Morocco and Tunisia.
This agreement removes all trade tariffs between them and harmonizes their rules on product standards and customs. The EU-Egypt Association Agreement has been in force since 2004. It creates a free trade area between the EU and Egypt by abolishing tariffs on industrial products and facilitating trade in agricultural products. The Joint Committee shall ensure that, from the fifth year following the entry into force of this Agreement, there is no adoption or maintenance of measures which distort trade between the Parties which run counter to their interests vis-à-vis public undertakings and undertakings to which special or exclusive rights have been granted (Article 32). For EFTA-Egypt trade statistics, see EFTA Trade Statistics Tool The system was originally based on a network of free trade agreements with individual protocols of origin. The specific protocols on origin are replaced by a reference to the Regional Convention on Pan-Euro-Mediterranean (MSP) Preferential Rules of Origin, established in 2011 to create a more uniform framework for protocols on origin. The Parties shall endeavour to progressively liberalize and open their markets to each other`s trade in services, in accordance with the provisions of the General Agreement on Trade in Services (GATS) (Articles 26 and 27). In response to events in the Arab world in 2011, the EU has identified ways to develop and deepen our trade and investment relations with its southern Mediterranean partners: the agreement covers trade in fish and other seafood products (Article 4(c) and Annex II).
The EFTA States grant duty-free access to imports of all Egyptian fishery products. As regards EFTA exports to Egypt, the Agreement provides for a reduction in customs duties under the quotas from the entry into force of the Agreement. Quotas for certain products shall be abolished six years after the entry into force of the Agreement. The Contracting Parties shall provide for the total elimination of customs duties on all fish and seafood products within fourteen years of the entry into force of the Agreement. . . .