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Industrial and Trade Agreements

 
 

The Free Trade Agreement between Egypt and Turkey

 

Egypt and Turkey have signed on December 27, 2005 a free trade agreement. The Agreement is drafted in accordance with the provisions of the chapters related to the free trade area in the Association Agreement between Egypt and the EU.

According to the Agreement, imports into Turkey of industrial products originating in Egypt shall be allowed free of customs duties and other charges having equivalent effect, upon the entry into force of the Agreement .

On the other hand, customs duties and other charges having equivalent effect on imports into Egypt of industrial products originating in Turkey shall be gradually abolished according to the schedules of four lists which are identical to the lists attached to the Association Agreement.
The dismantling of customs duties on Turkish goods of each list shall be affected one year behind the similar list of EU.

Regarding agricultural, processed agricultural and fishery products, the two parties have agreed to grant each other concessions either as free tariff quotas or reduction of the customs duties on lists of these products.

The two parties have agreed to apply the Pan Euromed Rules of Origin on the goods exchanged among themselves.

Egypt and Turkey are now in the process of ratifying the Agreement. Once this process been finalized the Agreement shall enter into force.

 

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