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Free Trade Agreement Between India And Egypt

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Free Trade Agreement Between India And Egypt

    április 9, 2021  No Comments

2. The annual quantity or value of the goods on List A and B may be changed by mutual agreement between the two parties or fresh goods added. Turkey has bilateral and multilateral agreements with: “Any customs union, common market, economic union, customs and monetary union, economic and monetary union is also a free trade area. Since 2001, the European Union has concluded a preferential trade agreement with Egypt, which it intends to promote as part of the conclusion of a comprehensive free trade agreement between the EU and the Mediterranean Region. List of agreements between two states, two blocs or one bloc and one state. With regard to Article 1, paragraph 2, point (c), of the Egypt-India trade agreement, I am grateful to you for your kindness in indicating which countries and territories are covered by the provisions of this paragraph. 2. 1 is also grateful for your assurance that all preferences or benefits that India will grant in the future to these countries and territories will be extended to Egypt. Referring to Article 1, paragraph 2, point a) of the Egypt-India trade agreement, I would be pleased to receive confirmation that the Indian government would not object to Egypt translating the term “coherent countries” into this paragraph so that it means “countries with a common land border with Egypt and countries that are members of the Arab League.” Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. I am writing to mention the following agreements that have been concluded between us during our discussions on Article 4 of the Egypt-India trade agreement: (i) Egypt will give India the most favoured treatment of imports and exports. In particular, India will receive treatment that is no less favourable than that accorded to France, Italy and other countries with which Egypt has payment agreements. (ii) India will also grant Egypt the treatment of the most favoured nation for misappropriated imports and exports.

The above agreement does not affect the granting or deontability of: (a) the potential benefits granted by both parties to neighbouring countries. The term “coherent countries” will include, in the case of Egypt, the Arab League member countries and, as far as India and Afghanistan are concerned; (b) the benefits of a customs union or free trade area to which Egypt or India may or may be attached; and (c) India`s advantages to certain countries bordering the Indian Ocean with respect to goods transported by land-based vessels. 2. 1 will welcome the confirmation that this letter properly sets out the agreements reached between us with respect to the above cases. Due to the large amount of jute we currently have, we will not be able to freely issue import certificates for about a year. However, given the consideration you have advanced, we confirm that licences will be issued for at least 5,000 tonnes of jute over the next 12 months.

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