Egypt-Mercosur Free Trade Agreement

Egypt-Mercosur Free Trade Agreement

The Mercosur-Egypt Free Trade Agreement (FTA) is the South American bloc's first agreement with an African country. The Agreement was signed in August 2010, ratified by Brazil through Legislative Decree No. 216/2015, and entered into force on September 1, 2017.

Customs duties and charges having equivalent effect imposed by each Party on imports of originating goodsinthe other Party shall be gradually eliminated as follows:

a)  category A – upon entry into force of this Agreement;

b)  category B – in four (4) equal stages, the first one taking place on the date of entry into force of this Agreement and the three (3) following stages at 12-month intervals;

c)  category C – in eight (8) equal stages, the first one taking place on the date of entry into force of this Agreement and the seven (7) following stages at 12-month intervals;

d)  category D – in ten (10) equal stages, the first one taking place on the date of entry into force of this Agreement and the nine (9) following stages at 12-month intervals; and,

e)  category E - custom duties and charges having equivalent effect shall be eliminated as will be determined by the Joint Committee.

Free Trade Agreement Mercosur – Egypt:http://www.sice.oas.org/Trade/MER_EGY/MER_EGY_Text_e.asp