Politics of Foreign Trade has made the country a center of international and regional services, production and re-export; which resulted in job creation and economic growth by opening new markets for the promotion of Egyptian products while at the same time to attract foreign direct investment from companies looking to take advantage of the package wonderful of preferential trade agreements, and competitive labor and utility costs, and skilled labor, in addition to the geographical proximity of the major global markets. Resulted from these features combined to become Egypt Typically a center for the export of products to Europe and the Arab world and the United States and Africa.
The Egyptian-European Partnership Agreement signed an agreement to liberalize trade was off converting Egyptian relations with the largest trading partner, which includes more than 500 million consumers. Under this partnership, opened the Member States of the European Union markets to manufactured goods, while Egyptian Egypt seeks gradually to reach a level similar to European products. The Convention also witnessing the negotiations on the liberalization of trade in agricultural products, where each party has the development of the "most favored" by the other party with respect to trade in services. The agreement states that the parties will enter into an agreement for free trade in 12 years
Egyptian partnership with the European Association for Free Trade
Convention on the Association of the European Free Trade (Iceland, Liechtenstein, Norway, Switzerland) with Egypt covers trade in industrial products, agricultural products, basic, and is intended primarily to liberalizing trade in goods in line with Article 24 of the GATT GATT in 1994 and by the first of January of 2020, will be has been canceled tariffs on all industrial products.
Qualified Industrial Zones (QIZ (QIZ
Egypt offers additional interest for the entry of goods tax-free to the American market, which includes more than 300 million consumers, thanks to the QIZ Protocol, known simply as the QIZ Protocol between Egypt and Israel and the United States, where the agreement allows the entry of goods exempt from tax provided that they are manufactured by 35% in one of the Qualifying Industrial Zones in Egypt and 10.5% Israeli inputs. This has led to a doubling of exports of textiles and garments Egypt to the United States more than ten times during the first four years of the implementation of the Protocol.
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Agadir Declaration established a free trade zone between Egypt, Jordan, Tunisia and Morocco. Thanks to this agreement, Member States enjoy free access to each other's markets without tariffs and quotas scalable without access to markets, as well as the advantage of the rules of origin. Customs Convention was activated entirely by the Member States during 2006 and 2007. Since ratification, the agreement cemented industrial relations and economic ties between their countries; allowed the emergence of a partnership in the production of exportable products to the European Union and other Arab countries, and, of course, to the Member States to the Convention.
Area Agreement Greater Arab Free Trade (GAFTA)
Ratified the Convention on the Free Trade Area of the Greater Arab by 22 Arab countries. The Convention provides for the gradual elimination of tariffs between these countries and other fees and tariffs, and to overcome all the barriers, non-tariff barriers, such as administrative and monetary, financial and technical. She is currently working other countries of the Arab League to end the process of accession to this Convention.
Common Market for Eastern and Southern Africa (COMESA)
Create the Common Market for Eastern and Southern Africa (COMESA) free trade zone among its members integrated totaling 19 countries, making it possible for goods to enter the Egyptian market without fee to contain more than 450 million consumers. The Member States of COMESA countries is important for Egypt and trading partners enjoy a degree of importance and growth for Egypt, which seeks to expand the level of economic activity on the African continent. And operate the Common Market for Eastern and Southern Africa on the establishment of a free trade area completely, which will ensure the free movement of goods between Member States and the removal of all tariff and non-tariff barriers.
Free Trade Agreement between Egypt and Turkey
Provides for the free trade agreement between Egypt and Turkey on direct access to the large Turkish market.
Agreement between Egypt and Mercosur gathering
The agreement aims, which was signed between Egypt and Mercosur gathering economic and political in Buenos Aires in August / August 2010, to establish clear rules and durable, and unpredictable to promote the development of trade and mutual investment.
It also aims to strengthen relations between the contracting parties, and promote the expansion of trade, and the development of the conditions and mechanisms for negotiation of a free trade zone in accordance with the rules and regulations of the World Trade Organization.
Convention on the conversion of debt to French investments
The agreement aims to invest development projects in Egypt, including the terms of attractive French equivalent of the value of the debt at $ 25.135 million euros. To find out more ..
Agreements to encourage and protect investment
International agreements are concluded between two or more (the contracting parties) at the bilateral, regional or multilateral agreements to regulate issues related to international investment, with the aim to encourage protection and liberalization of foreign investment within the territory of the host countries for investment
The main objectives of international investment agreements:
The main objectives of international investment agreements in the following:
1 - find a framework for encouraging foreign investment as an important part of the strategy for the promotion of investment for the country, which includes the following:
§ each State to promote and facilitate investments by investors of the other State within its territory.
§ the exchange of information and experiences in the field of investment, including information on laws, regulations and policies designed to increase awareness of investment opportunities.
§ Encourage and support activities such as investment promotion: exhibitions and investment promotion missions, workshops and conferences.
2 - Provide protective umbrella for Human foreign investors and their investments in the host countries through the following:
§ granting fair and equitable treatment and to provide protection and security for foreign investment.
§ granting foreign investors and their investments treatment no less favorable than the treatment accorded to national investors or to investors of any third country and their investments.
§ free transfer of returns and payments associated with investing without delay.
§ inadmissibility of subjecting investments by investors none of the states parties to the agreement to nationalization or expropriation procedures, or for any actions have similar effects, but if those actions had been taken on a non-discriminatory basis and for public benefit and in accordance with the law and in return for compensation.
§ provide several options in front of the investor for the settlement of investment disputes with the host country through the following:
A settlement of disputes through amicable means and mechanisms covered by the settlement, including the alternative of consultations and negotiations, mediation, conciliation, and that during the period of calm the occasion.
(B) administrative review of the conflict during the period of calm through internal administrative procedures of the host state.
T the right to settle the dispute before the national courts and administrative courts of the host state.
D the right to resort to international arbitration to settle the dispute, whether institutionalized arbitration or free.
Double taxation treaties