MERCOSUR-Egypt Free Trade Agreement

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

Masters (MIB): Business in Africa, Business in Muslim Countries, International Business, Foreign Trade, America, Economic Relations.

Doctorate (DIB): African Business, Islamic Business, American Business.

Courses: Business in South America, East Africa.

Learning materials in or MERCOSUR MERCOSUR Egipto MERCOSUL Egito.

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

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 the Arab Republic of Egypt-MERCOSUR Free Trade Agreement (FTA).

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 (Import, Export) 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 (Western-Christian Civilization) and Egypt to the Islamic and African Civilization.

MERCOSUR Free Trade Agreements (FTA): India, European Union, Southern African Customs Union, Andean Community, Mexico, Peru, Chile, ALADI...

Egyptian Free Trade Agreements: Agadir Agreement, TPS-OIC, CEN-SAD, COMESA, COMESA-EAC-SADC Agreement, United States-COMESA, AGOA, Turkey, EFTA, European Union...

EENI African Business Portal.

More information: Egypt (EENI African Business Portal).

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

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