arab republic of egypt ministry of industry, trade & smes trade agreements sectors

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Arab Republic of Egypt Ministry of Industry, Trade & SMEs Trade Agreements Sectors. Egyptian Free Trade Agreements. Bilateral & Regional Trade Agreements:. Free Trade Agreements: Greater Arab Free Trade Area (GAFTA). COMESA. European Partnership. Agadir. Turkey. EFTA. - PowerPoint PPT Presentation

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Arab Republic of Egypt Ministry of Industry, Trade & SMEsTrade Agreements Sectors

Egyptian Free Trade Agreements1

2

Bilateral & Regional Trade Agreements:Free Trade Agreements:Greater Arab Free Trade Area (GAFTA).COMESA.European Partnership. Agadir.Turkey.EFTA.

34Greater Arab Free Trade Area (GAFTA)Contains 18 out of 22 Arab countries including:-

Egypt,Bahrain,Iraq, Jordan,Kuwait,Lebanon, Libya, Morocco, Palestine,Qatar,Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates, Algeria Oman, and Yemen.Greater Arab Free Trade Area (GAFTA)The agreement was started on 1/1/1998. Full exemption on all goods (agricultural & industrial) has been applied on 1/1/2005. The local value added must be at least 40% on the current applied rules of origin.Egypt as a major establisher of this agreement plays a vital role in solving the implementation problems for this agreement like the lists of exemptions, non tariff barriers, agricultural Calendar and drafting the rules of origin.

5Great Arab Free Trade Area (GAFTA)6Trade indicators:

Values in million $before entry into force 2005after entry into force 200820092010201120122013trade balance-199-39728841812985160505exports48749579196368900088859312imports68689250354556801590458807Egypt vs. GAFTA7Common Market for Eastern and Southern Africa (COMESA)8

9Common Market for Eastern and Southern Africa (COMESA)

COMESA Agreement was signed on 8/12/1994, thus replacing the old PTA Agreement which was signed in 1981 & entered into force in 1982. Egypt became a member in May 1998.

COMESA Free Trade Area consists of 15 member states namely; Burundi, Comoros, Djibouti, Egypt, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Uganda, Zambia and Zimbabwe.

Common Market for Eastern and Southern Africa (COMESA)Eritrea applies 80% reduction on its imports from COMESA member states.

Ethiopia applies 10% reduction of the customs duties imposed on its imports from COMESA members states.

10Common Market for Eastern and Southern Africa (COMESA)11The value added resulting from the process of production accounts for at least 35% of the ex-factory cost of the goods.

COMESA applied the detailed rules of origin.

COMESA launched the Customs Union during COMESA summit on 8 June 2009.

Egypt trade with COMESA12Values in million $BEFORE ACCESSION AFTER ACCESSION 1997 1998 2005 2006 2007 2008 2009 2010 2011 2012 2013 TRADE BALANCE -81-108 122 204170493 1154 1382 8151564 1658EGYPT EXPORTS 4445296443 5351651 1865 2346 1654 2480 2385EGYPT IMPORTS 125 154 174239365 1158 711 963 839916727Egypt vs. COMESA13The Egyptian-European Partnership Agreement14

The Egyptian-European Partnership AgreementThe agreement has come into force since 1/1/2004 with customs reduction of 25% for the Egyptian imports .

From 1/5/2004 new members have joined European Union to be 25 member countries, And this has been signed to increase agricultural exports quotas. In 1/1/2007 Bulgaria and Romania joined the European Union and now EU is 28 members countries.

15The Egyptian-European Partnership AgreementThe industrial products status:- Exemption all The Egyptian industrial products from custom tariffs at the beginning of the implementation

1617Egyptian imports from EU industrial productsThe percentage of the custom tariff reduction on the Egyptian imports form EU during the agreement years Start years of the agreementYearExecutive date 1/1/2004 56789101112131415161718191st list (raw material)252525252nd list(intermediate product) 101515151515153rd list finished product)551515151515154th list( cars)1010101010101010101018Agricultural, Processed agricultural and Fish and Fishery products treatment ( Egyptian exports )According to the new arrangements applicable to the importation into the European Union for these products originating in Egypt which entered into force 1st of June 2010, all products not included in table 1 that is annexed to protocol 1 are duty free. A preferential treatment for some of the products listed in table 1 are indicated in table 2.19Agricultural, Processed agricultural and Fish and Fishery products treatment ( Egyptian imports)According to the new arrangements applicable to the importation into Egypt for these products originating in the European community which entered into force 1st of June 2010, all products not included in table 1 that is annexed to protocol 2 are duty free. A preferential treatment for some of the products listed in table 1 are indicated in table 2 .

RULES OF ORIGIN Protocol III outlines the rules of origin under the agreement. Both parties will apply the Pan-Euro-Med rules of origin, which allow goods produced from materials originating in any Euro-Med countries to enter the EU market with preferences.

20The Egyptian-European Partnership Agreement21Values in million $2003Before FTA2004200520062007200820092010201120122013exports21702740357346494710935666918358967878328072imports32263598475947906216144351431517094181412005921231trade vol.359663388332943910926237902100625452278202789129303trade balance-1055-858-1186-141-1507-5079-7624-8736-8463-12227-13159Egypt vs. EU2223Agadir Agreement

Agadir AgreementAgadir Agreement (AA) was signed in the city of Rabat, Morocco on 25 February, 2004 between Egypt, Jordan, Morocco and Tunisia.

The aim of the Agreement is to establish a Free Trade area among Morocco, Tunisia, Egypt and Jordan for the purpose of developing economic activity, supporting employment, increasing productivity, and improving living standards within the Member Countries.

24Agadir AgreementExemption of all the customs duties and taxes with similar effect on all the products.

Agadir Agreement implements the Euro Med Rules of Origin.

25Agadir Agreement26 Values in million $Before entry into force 2077entry into force 20082009201020112012 2013 exports 2001823312388869495imports 113001834407419Trade balance 871823310554462077Trade vol. 31318233141122126168114Egypt vs. Agadir27Egypt-Turkey Free Trade AgreementEgyptTurkey Free Trade Agreement was signed on 27/12/2005. The ratified FTA came into effect on 1/3/2007 in a context governed by the Euro-Med process.

28Egypt-Turkey Free Trade AgreementThe industrial products status:- Exemption all The Egyptian industrial products from custom tariffs at the beginning of the implementation.

2930Egypt-Turkey Free Trade AgreementIndustrial Products treatment under the agreement (Egyptian imports)

List0708091011121314151617181920175%100%------------2-10%25%40%55%70%85%100%3---5%10%25%40%55%70%85%100%4----10%20%30%40%50%60%70%80%90%100%31Egypt-Turkey Free Trade AgreementAgricultural, Processed Agricultural, and Fishery Products treatment under the agreement Concessions on agricultural, processed agricultural, and fishery products are outlined in Protocol II. The two parties have agreed to grant each other concessions either as tariff rate quotas (TRQs) or tariff reductions on agricultural, processed agricultural, and fishery products. The two parties exchanged the same concessions on processed agricultural products.Both parties agreed to extend the existing concessions in agriculture and processed agriculture products through the joint committee meetings.

Egypt-Turkey Free Trade AgreementRULES OF ORIGIN

Protocol III outlines the rules of origin under the FTA. Both parties will apply the Pan-Euro-Med rules of origin, which allow goods produced from materials originating in any Euro-Med countries to enter the EU market with preferences.

32Egypt-Turkey Free Trade Agreement33 Before entry into forceEntry into force 2007 200820092010201120122013Values in million $exports 3624417886891033152815581741imports 391458118523441884263533812626trade vol. 752899197330332917416349394367trade balance -2917- 397- 1655- 851- 1107- -1823-885Egypt vs. Turkey34Egypt & EFTA States Free Trade Agreement 35

36Egypt & EFTA States Free Trade Agreement Egypt signed a free trade agreement with EFTA countries on 27/1/2007 in Davos and entered into force in August 2007.

EFTA member State are: Iceland, Norway, Switzerland and liechtenstein

Egypt & EFTA States Free Trade Agreement The industrial products status:- Egyptian exports to EFTA: shall enjoy an immediate removal of all customs duties and other charges having equivalent effect upon the entry into force of the Agreement.

3738EGYPT AND EFTA STATES FREE TRADE AGREEMENTEgyptian imports of industrial products

Agreement Implementation Years2019181716151413121110090807------------100%75%List 1100%85%%7055%40%25%10%-List 2100%85%70%55%40%25%10%5%---List 3100%90%80%70%60%50%40%30%20%10%----List 439EGYPT AND EFTA STATES FREE TRADE AGREEMENTTreatment of Agriculture goodsIt was agreed that the agriculture file would be dealt with on a bilateral basis. A List of agriculture exports to each EFTA member country was prepared , as well as lists of imports of agriculture products from member countries, Treatment of processed Agriculture goodsBoth parties agreed on the list of Egyptian exports that is to be accorded preferential treatment by EFTA countries, equivalent to the preferential treatment accorded to EU countries.40EGYPT AND EFTA STATES FREE TRADE AGREEMENTRules of origin : Protocol (B) outlines the rules of origin under the FTA, and it defines the rules by which the products could gain the origin of the two countries in order to enjoy preferences.

Both parties will apply the Pan-Euro-Med rules of origin, which allow goods produced from materials originating in any Euro-Med countries to enter the EU market with preferences. EGYPT AND EFTA STATES FREE TRADE AGREEMENTAfter entry into force Before entry into force 20132012201120102009200820072006

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