Africa Trade AgreementsAfrica Trade Agreements

Africa Trade Agreements

EFTA-Egypt Free Trade Agreement (FTA)


Countries Involved:Africa Economic Institute Switzerland, Africa Economic Institute Norway, Africa Economic Institute Liechtenstein, Africa Economic Institute Iceland, Africa Economic Institute Egypt,
Area of Cooperation:Trade in goods, intellectual property, services and investments
Signed at: 2007
Inforce from: 2007
Summary:


The Agreement covers trade in industrial products, including fish and other marine products, and processed agricultural products. In addition, individual EFTA States and Egypt concluded bilateral agreements on basic agricultural products, which form part of the instruments creating the free trade area. The main objective of the Agreement is to achieve the liberalisation of trade in goods in conformity with the relevant WTO provisions. By 1 January 2020, customs duties on almost all industrial products will have been eliminated.


The Agreement also includes provisions relating to the elimination of other trade barriers as well as trade-related disciplines including rules on competition, state monopolies and subsidies. Moreover, the Agreement contains provisions on the protection of intellectual property, investment, services, current payments and capital movements, government procurement, economic co-operation and institutional and procedural matters. The Agreement establishes a Joint Committee which supervises the application of the Agreement and provides for binding arbitration.



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