The Free Trade Agreement (FTA) between the Republic of Turkey and the Arab Republic of Egypt was signed on 27 December 2005 in Cairo and entered into force on 1 March 2007.
In addition to eliminating tariffs and non-tariff barriers, the FTA also regulates numerous trade related areas such as the sanitary and phytosanitary measures, trade in services, foreign direct investments, internal taxation, balance of payments, public procurement, state aids, intellectual property rights, anti-dumping and safeguard measures and rules of origin.
Customs duties applied by Turkey on industrial goods originating in Egypt have been abolished by the entry into force of the Agreement. Egypt abolished the customs duties on the industrial goods originating in Turkey gradually by 1 January 2020 according to Protocol I.
Regarding the agricultural products, Turkey and Egypt granted each other unlimited tariff elimination or reduction and/or tariff reduction or elimination in the form of tariff quotas for some agricultural products originating in the other Party. The agricultural products which are subject to tariff reduction or elimination are listed in Protocol II of the Agreement.
The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Protocol III of the Agreement.
- Agreement Establishing A Free Trade Area Between The Republic Of Turkey And The Arab Republic Of Egypt
- Protocol I
- Protocol II