AGADIR AGREEMENT The Arab Free Trade Area: WHEN and WHO: The Agadir Agreement is a free trade agreement between four Arab countries: EGYPT, JORDAN, MOROCCO and TUNISIA. It was signed in Rabat in February 2004 and came into force in July 2006 . In 2016 the agreement was joined by PALESTINE authority and LEBANON. WHAT: -Industrial products -Agricultural and processed agricultural products -Trade in Services -Priority sectors are for the ATU are: Textile and clothing sector Automotives Leather and shoes Main benefits are: -Cumulation of origin between Member States to the Convention with Euro-Mediterranean countries -Preferential treatments of exported goods under the Convention, input and components coming from any of the Member States calculated as domestic -Movement certificate Euro-Med: a passport for goods between the convention and 30 countries in the Euro-Med group -Industrial goods (commodities and products) traded between the Member Countries are subject to a process of dismantlement of customs duties and other duties and taxes of similar effect with regard to importation
AGADIR AGREEMENT The Arab Free Trade Area |
2024-02-11