Euro Mediterranean Agreement Egypt

Originally, the system was based on a network of free trade agreements with individual origin protocols. The specific protocols on origin are replaced by a reference to the Regional Convention on Pan-Euro-Mediterranean (MSP) Preferential Rules of Origin, established in 2011 to create a more uniform framework for protocols on origin. The EU and Egypt meet regularly to discuss issues and best practices in the implementation of the agreement. The committees meet regularly. An agreement between the European Economic Community and Egypt was signed in January 1977 under the aegis of the World Mediterranean Policy (GMP), launched in 1972. [2] The 1995 Euro-Mediterranean Partnership Framework paved the way for some modest progress in EU-Egypt relations[3], which resulted in a new Association Agreement concluded on 25 June 2001 and signed under the Barcelona Process on 6 June 2001 and entered into force in June 2004. [4] An EU-Egypt Action Plan also entered into force in 2007. [3] 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. In November 2010, the EU and Egypt signed a protocol establishing a dispute settlement mechanism applicable to the trade parts of the Association Agreement. Egypt has not yet ratified the protocol.

Another agreement on agricultural products, processed agricultural products and fishery products entered into force on 1 June 2010. The beginning of the Arab Spring clashed with the EU`s traditional policy of stability in the region, which was relayed by the support of authoritarian ruling leaders, including Hosni Mubarak in Egypt, which ultimately led to a reassessment of the EU`s foreign policy in the region. [5] The European Neighbourhood Policy provides political and financial support to Egypt. In 2014, the EU commissioned a Sustainability Impact Assessment (SIA) for a possible DCFTA with Egypt. It would go beyond the Association Agreement and cover trade in services, government procurement, competition, intellectual property rights and investment protection. In June 2013, the EU and Egypt started discussions on how to deepen their trade and investment relations through a Deep and Comprehensive Free Trade Agreement (CFTA). It would also support Egypt`s economic reforms. The EU-Egypt Association Agreement has been in force since 2004. It creates a free trade area between the EU and Egypt by abolishing tariffs on industrial products and facilitating trade in agricultural products. Egypt is one of the partners of the Euro-Mediterranean Partnership (Euromed).

Both parties are members of the Union for the Mediterranean. The pan-Euro-Mediterranean system of cumulation of origin brings together the EU, Egypt and other Mediterranean countries to support integration in order to establish a common system of rules of origin. Euromed is an initiative of the European Neighbourhood Policy, in which the EU offers a privileged relationship to its neighbours based on an attachment to common values (including democracy and human rights, the rule of law, good governance, the principles of the market economy and sustainable development, etc.).

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