22 October 2017 07:59 PM

Foreign Trade

Tuesday، 27 May 2014 12:00 AM

Egypt seeks to develop economic relations with countries all over the world as well as open vistas of cooperation, both regional and international, based on common and mutual interests. Accordingly, Egypt has joined the World Trade Organization and the Common Market of Eastern and Southern Africa (COMESA); signed a partnership agreement with the European Union, and taken serious steps towards reviving the Arab Common Market agreement and establishing a Free Trade Organization. The role of the G-15 and the G-8 has been promoted. In addition, partnership and cooperation agreements have concluded with the US, China, Japan and South Korea.

Cooperation with the Arab world

• Tariff and Trade Agreement between Egypt and Libya (signed on 3 December 1990)
• Trade Agreement between Egypt and Syria (signed in 19 July 1991)
• Free Trade Agreement between Egypt and Tunisian Government (signed on 5 March 1998)
• Free Trade Agreement between Egypt and Moroccans Government (signed on 27 May 1998)
• The Executive program to support trade between Egypt and Lebanon (signed on 1 January 1999)
• The Executive program to support trade between Egypt and Jordan (signed on 10 December 1998)
• The Executive protocol to establish Free Trade Area between Egypt and Iraq (signed on 18 January 2001)
• The four-way agreement between Egypt, Morocco, Tunisia and Jordan (better-known as the Agadir agreement (signed in January 2004)

Cooperation with Africa

Egypt has achieved greater cooperation with Eastern and Southern through COMESA and through liberalizing trade and creating full preferential trade relations with other African groupings. Egypt is also intent on implementing the New Partnership for Africa's Development (NEPAD).

Cooperation with Asia

Egypt is bent on deepening cooperation with Asian countries, especially in the economic field.


Cooperation with the EU

Egypt has put its European relation to good use and has scored major successes with regard to development; an example of this is the Egyptian-European Partnership Agreement.


Cooperation with the US

The US is one of Egypt’s major trade partners, second to the EU. On 14 December, 2004, the Qualifying Industrial Zones Protocol was signed between Egypt, Israel and the US, giving Egyptian textile exports greater access to US markets.


Trade missions

The Egyptian trade missions abroad seek to promotes the commercial interests of the country’s business sector by encouraging the latter to engage in serious and long-term partnerships with non-Egyptian businessmen, entrepreneurs and investors, based on a proper understanding of international markets.

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