Eu Egypt Agreement

Eu Egypt Agreement

In addition, some EFTA States and Egypt have concluded bilateral agreements on basic agricultural products, which are part of the instruments for the creation of the free trade area. An agreement between the European Economic Community and Egypt was signed in January 1977 under the aegis of the World Mediterranean Policy (GMP), launched in 1972. [2] The 1995 Euro-Mediterranean Partnership Framework paved the way for modest progress in EU-Egypt relations[3], which culminated in a new Association Agreement, signed on 25 June 2001 under the Barcelona Process and entered into force in June 2004. [4] An EU-Egypt Action Plan also entered into force in 2007. [3] The EU and Egypt meet regularly to discuss issues and best practices in the implementation of the agreement. The committees meet regularly. A Joint Committee composed of representatives of the EFTA States and Egypt monitors and manages the application of the Agreement (Articles 37 and 38). The Parties may hold consultations and, in the absence of agreement, apply interim measures (Articles 39 and 40). Another agreement on agricultural products, processed agricultural products and fishery products entered into force on 1 June 2010. Trade in processed agricultural products is included in a Protocol to the Main Agreement (Article 4(b) and Protocol A). In addition, trade in agricultural commodities is covered by three bilateral agreements negotiated separately between Iceland (Agricultural Agreement between Iceland and Egypt), Norway (Agricultural Agreement between Norway and Egypt) and Switzerland/Liechtenstein (Agricultural Agreement between Switzerland and Egypt), of the one part, and Egypt, of the other part.

These agreements, which are part of the instruments for the creation of the free trade area (Article 4(d)), provide for tariff concessions. The Parties agree on the objective of progressive liberalisation of public procurement (Article 33). In June 2013, the EU and Egypt started discussions on a Comprehensive and Deep Free Trade Agreement. Negotiations on trade in services are currently frozen. Egypt or an EFTA State may suspend a dispute over the interpretation of the rights and obligations under the Agreement to binding arbitration if the consultations do not lead to a settlement. The arbitral tribunal shall decide on the dispute in accordance with the provisions of the Agreement and the usual rules of interpretation of international law (Article 41). The main objective of the Agreement (Objectives, Article 1) is to liberalise trade in goods in accordance with Article XXIV of the GATT in 1994.


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