Is the time ripe for US-Egyptian free trade agreement?
Egypt will start its negotiations with the United States next year for signing a bilateral free trade agreement as several international financial institutions praised its economic reform.
CAIRO — Comments by the top US diplomat in Cairo have renewed hopes among Egyptians for the potential of a long sought bilateral free trade agreement.
US Ambassador to Cairo Jonathan Cohen said Jan. 28 that negotiations at the official government level between Egypt and the United States are scheduled to begin next year on a bilateral free trade agreement.
A bilateral free trade agreement allows unrestricted import and export of goods free of customs duties between its signatories.
Cohen's announcement came on the sidelines of the conference of the American Chamber of Commerce in Egypt (AmCham Egypt).
