Arab Mediterranean Free Trade Agreement

Description - “Arab Mediterranean Free Trade Agreement (Agadir Agreement)”

The main objective of the Arab Mediterranean Free Trade Agreement is to establish a free-trade area between Egypt, Morocco, Tunisia, Jordan, and the European Union.

The Arab Mediterranean Free Trade Agreement (FTA) was initiated in Agadir (Morocco) in 2001 by four Arab Mediterranean countries: Jordan, Morocco, Palestine, Tunisia, and Egypt.

The Agadir Agreement creates a free trade zone of 120 million consumers.

The objectives of the Arab Mediterranean Free Trade Agreement are:

1. To set-up a Free-Trade Area between Egypt, Jordan, Morocco, Tunisia and the European Union
2. To boost foreign trade between Egypt, Jordan, Morocco, Tunisia and between them and the European Union (EU)
3. The economic development and integration through the implementation of the Pan-Euro-Med rules of origin
4. To attract the Foreign direct investment (FDI)

The Agadir agreement, which lies within the spirit of the Barcelona process (European Union), it is one of the regional preferential trade agreements of the Pan-Euro-Mediterranean System.

The Agadir Agreement and the Pan-Euro-Mediterranean system of cumulation of origin.

In the Euro-Mediterranean area, the implementation of a diagonal cumulation of origin is governed by the rule known as “variable geometry.” This rule stipulates that the economies in this area cannot cumulate the origin unless the Free Trade Agreements (FTA) including a Pan-Euro-Mediterranean protocol origin apply to them.

The Agadir agreement belongs to:

1. African Civilisation
2. Islamic Civilisation

1. Egyptian Free Trade Agreements: TPS-OIC, CEN-SAD, COMESA, COMESA-EAC-SADC Agreement, United States-COMESA, AGOA, MERCOSUR, Turkey, EFTA, European Union...
2. European Union Trade Agreements: Generalised System of Preferences, EU-Africa Strategic Partnership, Algeria, Ivory Coast, Morocco, Tunisia, South Africa, Gulf Cooperation Council, Lebanon, ASEAN, Georgia, Moldova, Russia, Turkey, Ukraine, Central America, CARIFORUM, Chile, MERCOSUR, Mexico, Andean Countries, United States, Canada, China, India, South Korea...
3. Jordanian Free Trade Agreements: United States, Canada, Singapore, European Union, EFTA...
4. Moroccan Trade Agreements: Arab Maghreb Union, CEN-SAD, United States, EFTA, Turkey, European Union...
5. Tunisian Trade Agreements: European Union, Afro-Arab Cooperation, EFTA, Turkey