Regional Trade Agreements - 1998 GA²TA agreement –...

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Regional Trade Agreements - Egypt 03/15/2016 Egypt has been a member of WTO since 30 June 1995 and a member of GATT since 9 May 1970. http://stat.wto.org/TariffProfiles/EG_e.htm https://www.amcham.org.eg/egypttradehub/Agreement.asp Egypt started a partnership in 2001 with the EU called the Association Agreement – implemented in 2004. This employed a free trade to be established over 12 years (2016). This meant that all goods exported from Egypt to the EU were exempt from tariffs. Improved conditions for trade between EU and Egypt. Since 2004, EU-Egypt bilateral trade has more than doubled and reached its highest level ever in 2012. http://ec.europa.eu/trade/policy/countries-and-regions/countries/egypt/ The EU is Egypt’s main trading partner
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Unformatted text preview: 1998 GA²TA agreement – Greater Arab ²ree Trade Area . Between the 18 member countries, all customs duties and charges are exempt. These countries are oil rich countries and have GDP of over $780 billion annually. The 17 states that are members of GA²TA are: Algeria, Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen. Others are in the process of joining. In 1994, the COMESA agreement – Common Market for Eastern and Southern Africa was signed. Egypt joined in 1998. There are 19 active member countries today with a combined GDP of over $472 billion. 03/15/2016 03/15/2016...
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