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Published bySpencer Cameron Modified over 9 years ago
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Done by: Shahira El Kady Marwa El Fiky Motassem Bellah Al Shawwa Mina Makary Abdallah Zohdi
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The Cooperation Agreement of 1977 was deemed no longer conducive to Euro-Med relation 1977 Agreement: 1- Customs exemptions on industrial exports and specific quotas of cotton spins and textiles 2- Customs exemptions on limited quotas of agricultural commodities for specific periods and export seasons. 3-Financial assistance to support the capabilities of the Egyptian economy, and food aid
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Drafting a new legal framework to reorganize broader Euro-Egyptian relations To include: The political, economic, social, cultural, human resources, communication technology, transport, energy, education, health and anti-crime domains
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Took Place 1995-1999 reached a Partnership Agreement (PA) The agreement came into force as of June 1 st, 2004 in the light of the EU expansion Customs and tax exemptions to Egyptian industrial goods as of the date of the Agreement Preferential privileges to Egyptian Exports
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Political Dialogue Free trade zone within 12 years Most Favoured Nation in service trade with a possibility of expansion to include other areas. Free Capital Movement Economic and Scientific cooperation Financial Cooperation Social and Cultural issues
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Within 12 years Egyptian exports are granted exemptions from day one European exports are granted exemptions in a scheduled and 4 groups manner
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Customs reduced by 25% upon signing the agreement Annual reduction of 25 % until total exemption by the 4 th year Includes: raw materials and capital goods
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Customs reduced by 3% three years after PA Then 15% for 6 years until complete exemption Includes: medial raw materials and commodities
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Customs reduced 5 % five years after PA Then another 5 % the following year and 15% for six years until total exemption Includes medial commodities and fully manufactured goods
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Customs shall be reduced by an annual 10% six years after PA comes into force Includes: passenger cars
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Egypt’s exports to the EU constituted 25% of the total Egyptian Exports in 2006 EU imports to Egypt constituted 37% of Egypt's imports 2006 Euro-Med Free Trade Zone (FTZ) ◦ PAs between EU States and Mediterranean State The European Rules of Origin
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Item20002001200220032004200520062007 Export s 35003193330133864167516276344791 Import s 8145. 7 7205. 6 6597. 8 55927342828690006777 Trade Balanc e - 4645. 7 - 4012. 6 -3296-2606-3175-3124-1366-1986 Size of trade excha nge 11645.7 10398.6 9898. 8 937811509134481663411568
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1. Industrial Commodities 2. Agricultural commodities 1.Commodities with quotas and seasons 2.Commodities with quantitative quotas but with no specific export seasons 3.Commodities with specific export seasons but without quantitative quotas 4.Commodities with neither specific export seasons nor quantitative quotas 3. Manufactured Agricultural commodities
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4. Service Trade: Egypt/EU partnership agreement stipulate: the MFN (Most Favored Nation) status The 5 th Euro-Med trade Ministers 'conference in Marrakech March 2006 started service trade liberalization of the provisions of services gave the right to institute companies in each party’s territory Euro-Med Trade Ministers’ conference in Barcelona, October 2007: Inaugurate bilateral negotiation
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Third: Reducing the cost of Egypt’s imports from EU states Fourth: Provision of guarantees of the national industry The revision of the timeframe of the customs cuts on it’s imports from the EU Granting Egypt exceptional measures for a limited period Fifth: Benefiting from the extensive of EU markets Expanding EU membership European neighborhood policy ENP Orient the neighborhood policy toward EU policy
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facilitate market access The action plan is the ENP executive tool -Dialogues concerning several domains December 2006: the EU commission issued a strategic document to enhance the ENP : 1. Boosting financial assistance to neighboring states (2013 establishing Neighborhood investment fund NIF) 2. Payments for Governance facility 3. Deepening the economic integration 4. Fostering the political cooperation and enhancing the regional cooperation
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It’s there to settle any problem that may arise in (Trade exchange) between both sides This happens according to the following diagram:
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Council partnership * Meet at ministerial level * Discuss key, bilateral, or international issues of common concern of both sides * Council has power of taking decisions and recommendat ions
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Partnership committee *Meet at senior officials’ level * Has the authority to take decisions regarding the implementation of the agreement as authorized by the council *Has “8” subcommittees and an action group are affiliated to the committee * Each subcommittee is specialized in a particular area (Trade, industry, services and investment)
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In the field of developing the basic education, reform of the health sector, modernization of industry, and social development funds C: Bilateral cooperation programs affected in the context of MEDA 2: Several programs included the funding of several projects in the field of boosting trade, development of technical and higher education, promoting the civil society, banking sector reform, customs development.. ETC
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The European Union initiated the implementation of the European Neighbourhood and Partnership Instrument (ENP)
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1. Sustainable development 2. Supporting the priorities agreed upon in the action plans that are approved in the context the European Neighbourhood Policy
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3. Boosting the economic and social reform programs and political dialogue 4. Conciliating of technical assistance in the field of institutional capacity building and fostering transnational cooperation among the EU states and neighbouring countries Budget : 12 billion Euros are allocated in EU 2007
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Technical assistance to EU neighbouring states provided through a mechanism in several ways such as Twinning programs.
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Temporary trade and cooperation partnership agreement with the Palestinian Authority: The agreement was signed in February 1997 – in force on July 1 st, 1997 Partnership agreement with Tunisia: This agreement was signed in July 1995 – in force on March 1 st 1998
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Partnership agreement with Israel : This agreement was signed in November 1995 – in force on June 1 st 2000
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Partnership agreement with Lebanon: This agreement was signed in June 2002 – in force on April 2006
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Partnership agreement with Syria: Initialized on October 2004, pending the final signature
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The liberalization of trade in goods and services, investment Issues related to intellectual property rights The rules of origin
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Ninth: Attracting more direct EU investments to Egypt
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THANK YOU
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