Eu Trade Agreement With Egypt

Autor: Marjian

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 agreement will allow UK businesses and consumers to continue to benefit from privileged access to the Egyptian market after the end of the Brexit transition period. The Agreement applies to trade in fish and other seafood products (Article 4(c) and Annex II). The EFTA States grant duty-free access to imports of all Egyptian fishery products. As regards EFTA exports to Egypt, the Agreement provides for a reduction in customs duties under the quotas from the entry into force of the Agreement. Quotas for certain products shall be abolished six years after the entry into force of the Agreement. The Contracting Parties shall provide for the complete elimination of customs duties on all fish and seafood products within fourteen years of the entry into force of the Agreement. The agreement aims to strengthen political and trade relations between the two countries, according to a statement from the British government. 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).

In 2004, Egypt signed the Agadir Agreement with Jordan, Morocco and Tunisia. This agreement removes all trade tariffs between them and harmonizes their rules on product standards and customs. Another agreement on agricultural products, processed agricultural products and fishery products entered into force on 1 June 2010. 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. The UK said it was committed to strengthening its relations with Egypt and cooperating on issues such as education, the environment and human rights. By Decision 1/2016, the EFTA-Egypt Joint Committee replaced the text of Protocol B with a link to the Regional Agreement on Pan-European-Mediterranean Preferential Rules of Origin. The decision awaits ratification. The Joint Committee shall ensure that, from the fifth year following the entry into force of this Agreement, there is no adoption or maintenance of measures which distort trade between the Parties which run counter to their interests vis-à-vis public undertakings and undertakings to which special or exclusive rights have been granted (Article 32). . .



Komentowanie wyłączone.