Mercosur and Egypt sign Free Trade Agreement

11 August 2010

After six years of talks, Mercosur and Egypt have signed a Free Trade Agreement. The Agreement will immediately eliminate tariffs on butter, maize, metals, oils, valves and wheat. Duties on milk and industrial products will be phased out within the next four years while remaining tariffs will be phased out over a period of eight to ten years.

At present, there is US$2.268 billion worth of commerce between Egypt and the four Mercosur countries – Argentina, Brazil, Paraguay and Uruguay. Brazil is Egypt’s largest Mercosur trade partner with imports totaling approximately US$87.7 million and exports US$1.44 billion in return. Argentina is Egypt’s second-largest Mercosur partner, exporting US$603 million worth of goods to the North African nation and importing US$53.2 million.

The Mercosur countries have certainly been active recently and are in negotiations with the EU about a similar agreement though some EU countries are concerned about the impact upon the EC Agricultural sector if such an agreement was signed.

Browse Articles

By Category
Anti Dumping Classification Duty Relief General Origin Valuation
By Tag
By Date
2016 2015 2014 2013 2012 2011 2010 2009

Mailing List

To stay abreast of important news and announcements, join our monthly mailing list.

About Us

We established ITS back in 2001 on the principle of delivering clear and measurable value to the highest professional standards, something that I feel passionately about to this day.

Find out more

What We Do

We understand that you are having to do more with less resulting in long to-do lists, urgent deadlines and a growing pile of projects which could add value if you only had the time.

Find out more

Latest News

From the four building blocks (Origin, Classification, Valuation and Duty Reliefs) to Senior Accounting Officers and their responsibilities and the introduction of AEO.

Latest News