MERCOSUR-Egypt Free Trade Agreement

EENI- School of International Business

Sub-subject: The Free Trade Agreement (FTA) between the MERCOSUR and Egypt. Syllabus:

1. Introduction to the Free Trade Agreement (FTA) between the MERCOSUR and the Arab Republic of Egypt
2. International Trade between Egypt and the MERCOSUR (Argentina, Brazil, Uruguay, Venezuela, and Paraguay)
3. Certificate of Origin

Sample of the sub-subject: Egypt-MERCOSUR Free Trade Agreement (FTA)

Description of the Sub-Subject: Egypt-MERCOSUR Free Trade Agreement (FTA)

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

The objectives of the Arab Republic of Egypt-MERCOSUR (Argentina, Brazil, Paraguay, Uruguay, and Venezuela) Free Trade Agreement (FTA) are:

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

The Egypt-MERCOSUR Free Trade Agreement (FTA) is esteemed to facilitate the doubling of the international trade between the Arab Republic of Egypt and the member countries of the MERCOSUR (Venezuela, Argentina, Brazil, Uruguay, and Paraguay).

The agreement will allow preferential treatment for the Egyptian products entering 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 the Arab Republic of Egypt-MERCOSUR Free Trade Agreement (FTA).

Chapter I: General Dispositions

1. Initial dispositions
2. Trade in products and services
3. Foreign Direct Investment

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

1. Criteria for originating products
2. Proof of origin
3. Control and verification of certificates of origin

Chapter III: preferential safeguards.

1. Conditions for the 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: the 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. The Foreign Trade between the Arab Republic of 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 of the Western Christian Civilisation and Egypt to the Islamic and the African Civilisation.

MERCOSUR Free Trade Agreements (FTA) - South America - East Africa