MERCOSUR-Egypt Agreement

The Subject “MERCOSUR-Egypt Free Trade Agreement” belongs to the following Online Programs taught by EENI Global Business School:

Masters: Business in Africa, International Business, Foreign Trade.

Doctorate: African Business, Islamic Business.

Course: Business in East Africa.

Languages: or MERCOSUR MERCOSUR Egipto MERCOSUL Egito.

Egypt-MERCOSUR Free Trade Agreement.

In 2010, the MERCOSUR signed a free trade agreement (FTA) with the Arab Republic of Egypt.

The objectives of the Egypt-MERCOSUR (Argentina, Brazil, Paraguay, Uruguay) Free Trade Agreement are:

1. To increase and improve their economic cooperation
2. To raise the Standard of living of their populations
3. To eliminate the difficulties and restrictions on the trade in goods, including the agricultural products
4. To promote, through the reciprocal trade growth, their economic relations development
5. To provide fair conditions for the international trade competition
6. To create the conditions for the further encouragement of the foreign direct investment (FDI) particularly for the joint investments development; and
7. To promote the international trade and cooperation between them

The Egypt-MERCOSUR Free Trade Agreement is esteemed to facilitate the doubling of the international trade between Egypt and the member countries of the MERCOSUR.

The agreement will allow a preferential treatment for the Egyptian products entering into the Latin American markets and will reduce the cost of the Egyptian imports for the major items including sugar, meat, and soy oil.

Summary of Egypt-MERCOSUR Free Trade Agreement.

Chapter I: General Dispositions:

1. Initial dispositions
2. Trade in Services and Products
3. Foreign Direct Investment

Chapter II: definition of the concept of “originating products.”

1. Criteria for originating products
2. Proof of origin
3. Certificates of origin (Control and verification)

Chapter III: Preferential Safeguards.

1. Conditions for application of preferential safeguard measures
2. Investigation and transparency procedures

Chapter IV: disputes settlement.

Chapter V: final dispositions.

1. Annex: originating products in the MERCOSUR imported into Egypt
2. Annex: certificate of origin of the MERCOSUR-Egypt Agreement
3. Annex: code of conduct for arbitrators of arbitration tribunal
4. Annex: rules of procedure

Foreign Trade MERCOSUR-Egypt.

1. Top Latin American trade partners of Egypt are Brazil and Argentina
2. Foreign Trade between Egypt and Brazil reached USD 374.29 million between January and April with the Egyptian exports at USD 23.64 million and the Egyptian imports at USD 350.65 million

The MERCOSUR belongs to the Latin American Economic Area and Egypt to the Islamic and African Civilization.

EENI African Business Portal.

More information: Egypt (EENI African Business Portal).

1. Cairo
2. Alexandria
3. Giza
4. Port Said
5. Suez. Suez Canal
6. Egyptian ports
7. Ahmed Mekky
8. Mohamed Mansour
9. Onsi Sawiris
10. Minoush Abdel-Meguid
11. Tarek Talaat Moustafa
12. Hassan Abdalla

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