Assignment 1
Assignment 1
Assignment 1
Egypt and Morocco signed free trade agreement entered into force on 28/4/1999
that will remain in force until terminated by either party through diplomatic
channels. Parties are to be notified at least six months in advance of termination.
Major Egyptian Exports: Steel and steel products, coke, carbon, molasses, aluminum wires and foodstuffs.
Major Egyptian Imports: Meal of animal offal, mechanical wood pulp, frozen fish, food stuff, hot rolled iron and
pure lead.
In addition to Duty-free Egyptian Exports such as White cement, ammonium nitrate, sodium sulphate, seeds of
anise, fennel, caraway and juniper, tomato paste and ketchup, kaolin, coke, food and artificial gelatin, ceramic
bricks, flat rolled products of iron and steel sheets, unmixed iron and steel bars, raw aluminum, aluminum
powder, foils, plates and sheets, pitons, pumps and air conditioners.
And regarding Duty-Free Egyptian Imports, Iron ores, copper ores, lead and zinc ores, vaccines, fish products,
whole powder milk, white beans, lentils, kidney beans, hayseeds, prepared anchovy, table margarines, infant
milk, tomato paste, fish powder, natural graphite, sugar manufacturing waste (such as bagasse), barium
sulphates, salt, cork, fibers, piston sets and clutches.
But there are exports and imports excepted from tariff reduction:
Import: Powder and explosives, ferrochrome products, textiles, ready-made garments, automobiles, tires, and
iron or steel bars.
Export: Poultry products, alcoholic beverages, tobacco and its products, textiles and ready-made garments,
automobiles and iron or steel bars.
Year Export "in $" Import "in $" Trade Balance “in $"
1997 6,912 11,351 (4,438)
1998 5,957 12,879 (6,922)
1999 6,679 13,244 (6,565)
2000 6,651 30,290 (23,639)
2001 20,787 25,672 (4,885)
2002 8,134 30,896 (22,761)
2003 8,605 84,225 (75,620)
2004 8,025 42,614 (34,589)
2005 10,950 85,930 (74,980)
2006 13,985 84,777 (70,792)
2007 23,152 168,799 (145,647)
2008 38,303 335,232 (296,929)
2009 44,365 360,143 (315,778)
2010 67,980 402,138 (334,159)
2011 55,074 492,622 (437,547)
2012 101,849 397,324 (295,476)
2013 70,211 406,136 (335,925)
2014 117,336 487,935 (370,599)
2015 323,386 351,197 (27,810)
2016 398,258 340,867 57,391
2017 115,110 395,049 (279,939)
2018 166,645 504,840 (338,196)
2019 143,837 585,558 (441,722)
2020 144,834 446,143 (301,310)