Egypt's policy is positioning Egypt as a global and regional
services, production and re-export hub; creating jobs and economic
growth by opening new markets for Egyptian products while
simultaneously attracting FDI from corporations looking to harness
Egypt's unique basket of preferential trade agreements, highly
competitive labor and utility costs, talented labor force and
proximity to key global markets. Together, these advantages make
Egypt an ideal hub from which to export to Europe, the Arab world,
the United States and Africa.
The EU-Egypt Association Agreement provides Egypt with
preferential access to the EU market of 500 million consumers.
Under the agreement, EU member nations have opened their markets to
Egyptian manufactured goods, while Egypt is phasing in access for
similar European products. The agreement is also seeing the
negotiation of significant liberalization in the trade of
agricultural products, and each party enjoys Most Favored Nation
status from the other in regard to trade in services. The agreement
specifies the creation of a free-trade agreement over a period of
EFTA (Iceland, Liechtenstein, Norway and Switzerland)-Egypt Free
Trade Agreement covers trade in industrial products and basic
agricultural products. The main objective of the Agreement is to
achieve the liberalization of trade in goods in conformity with
Article XXIV of the GATT 1994. By 1 January 2020, customs duties on
almost all industrial products will have been eliminated.
Qualifying Industrial Zones (QIZ)
Egypt offers the added benefit of duty-free access to the US
market of 300 million consumers. This results from the Qualifying
Industrial Zones (QIZ) protocol between Egypt, Israel and the US.
The agreement allows duty-free access provided 35% is manufactured
in a QIZ in Egypt and there is 10.5% Israeli content. It has
resulted in a more than tenfold jump in Egyptian textiles and
ready-made garments exports to the US in its first four years of
The Agadir Declaration creates a free-trade zone between Egypt,
Jordan, Tunisia and Morocco. The agreement offers member states
tariff- and quota-free access to each other's markets, as well as a
rules-of-origin advantage. The customs agreement was fully enacted
by the member countries throughout 2006 and 2007. Since its
ratification, the agreement has promoted industrial and economic
ties, al¬lowing for the co-production of products exportable to the
European Union, other Arab countries and, of course, to member
Greater Arab Free Trade Agreement (GAFTA)
GAFTA has been ratified by 22 Arab nations. The agreement
provides for the phasing out of cus¬toms and other fees and duties
and the elimination of all non-tariff barriers including
administrative, monetary, financial and technical barriers.
Common Market for Eastern and Southern Africa (COMESA)
The Common Market for Eastern and Southern Africa (COMESA)
creates a full free-trade area among its 19 member states providing
Egypt with duty-free access to a market of more than 400 million
consumers. The COMESA states are important and growing trade
partners for Egypt as it expands its economic activity on
continental Africa. COMESA is creating a full free-trade area that
will guarantee the movement of goods between member states and the
removal of all tariff and non-tariff barriers.
Egypt Turkey Free Trade Agreement
Egypt Turkey Free Trade Agreement provides immediate access to
the large Turkish market.
The Egypt-MERCOSUR Agreement, signed in Buenos Aries on August
3rd , 2010 aiming to establish clear, predictable and lasting rules
to promote the development of reciprocal trade and investments.
To strengthen relations between the Contracting Parties, to
promote the expansion of trade and to provide the conditions and
mechanisms to negotiate a Free Trade Area in conformity with the
rules and disciplines of the World Trade Organization.
Bilateral Investment Treaties Signed and into force
Bilateral investment treaties (BITs) are agreements between two
countries for the reciprocal encouragement, promotion and
protection of investments in each other's territories by companies
based in either country.
The main Benefits provided by (BITs):
- Protection of investment
- Treatment of Investments & Investors
- Free transfer of investment related payments
- Multiple alternatives for Settlement of Investment
- Investment promotion
Egypt signed 69 BITS
For more details...
Double Taxation Treaties