In November 2010, the EU and Egypt signed a protocol establishing a dispute settlement mechanism for the trade parties of the Association Agreement. Egypt has not yet ratified the protocol. For more information on preferential rules for the Mediterranean Egypt is one of the partners of the Euro-Mediterranean Partnership (Euromed). The EU and Egypt meet regularly to discuss issues and best practices in implementing the agreement. Committees meet regularly. In June 2013, the EU and Egypt began talks on a comprehensive and comprehensive free trade agreement. Negotiations on trade in services are currently frozen. The Association Agreement between the EU and Egypt has been in force since 2004. It creates a free trade area between the EU and Egypt by removing tariffs on industrial products and facilitating trade in agricultural products.
Since January 2014, Egypt has not gained preferential access to the EU market under the Generalised Preference System (GSP) because of its association agreement with the EU. Unless otherwise stated, you keep in mind the “EU concerns” for all the years indicated, the Current European Union with 27 Member States. It would include, beyond the Association Agreement, trade in services, public procurement, competition, intellectual property rights and investment protection. In 2004, Egypt signed the Agadir Agreement with Jordan, Morocco and Tunisia. This agreement removes all tariffs between them and harmonizes their rules on product standards and customs regulations. The system was originally based on a network of free trade agreements with individual protocols of origin. The original protocols are replaced by a reference to the Regional Agreement on Preferential Rules of Origin (EMP), established in 2011, which aims to create a more homogeneous framework for original protocols. In response to events across the Arab world in 2011, the EU highlighted ways to develop and deepen our trade and investment relations with its partners in the southern Mediterranean: another agreement on agricultural products, processed agricultural products and fisheries products came into force on 1 June 2010. The pan-Euro-Mediterranean system of origin brings together the EU, Egypt and other Mediterranean countries to support integration and create a common system of rules of origin. Euromed is an initiative of the European Neighbourhood Policy, in which the EU offers its neighbours a privileged relationship based on a commitment to common values (democracy and human rights, the rule of law, good governance, market economy and sustainable development). In 2014, the EU commissioned a Sustainable Impact Assessment (AIS) for a possible ACFTA with Egypt. Egypt joined the Regional Assembly in October 2013.
The European Neighbourhood Policy provides political and financial support to Egypt. A future ACFTA would aim to improve market access and investment climate. It would also support Egypt`s economic reforms. In June 2013, the EU and Egypt began discussions on how to deepen their trade and investment relations through a comprehensive and comprehensive free trade agreement (FTA).