“The free trade agreement between Egypt and Turkey was signed in 2005, but it came into force in 2013 under the terrorist Muslim Brotherhood,” he added. Industry Committee Chairman Farag Amer said Sunday that the deal harms Egyptian products and floods the local market with Turkish goods. Tensions between Egypt and Turkey spilled over on Sunday, when the Egyptian parliament`s industry committee called for the lifting of the free trade agreement between the two countries, saying it “harms local products.” Egypt is a signatory to several multilateral trade agreements: Amer said that the commission had repeatedly asked the Ministry of Industry and Trade to denounce the agreement because it had harmed many Egyptian industries. In early January, Egyptian customs authorities began excluding imported Turkish vehicles under the free trade agreement from customs. Major trading partners: China, Germany, Italy, Saudi Arabia, United States. Egyptian imports from Turkey increased by 11 percent between January and September 2019 to $2.39 billion, up from US$2.16 billion in 2018, the business paper Al-Mal reported in a report by the Ministry of Industry and Trade. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Although Cairo and Ankara reduced diplomatic relations in 2013, in the wake of Turkish President Recep Tayyip Erdogan`s opposition to Egypt`s June 30 revolution, the free trade agreement signed in 2005 remains in force. In addition, Egypt has signed several bilateral agreements with Arab countries: Jordan (December 1999), Lebanon (March 1999), Libya (January 1991), Morocco (April 1999), Syria (December 1991) and Tunisia (March 1999). In addition, Egypt and China entered into a trade agreement in 1995. Egypt has also signed an economic treaty with Russia.
In June 2001, Egypt signed an Association Agreement with the European Union (EU), which came into force on 1 June 2004. The agreement provided for immediate duty-free access of Egyptian products to EU markets, while duty-free access for EU products was phased in over a 12-year period. In 2010, Egypt and the EU concluded an agricultural annex to their free trade agreement and liberalized trade in more than 90% of agricultural goods.