Government Role in the Economy


Egypt's policy targets at developing economic relationships with different countries in the whole world. In this regard, Egypt joined the WTO and the COMESA and it signed Partnership Agreement with the EU. Egypt also works on activating the Arab free trade zone, the role of the G-15 and the D-8.

Arab cooperation
Egypt pays a special heed to its economic relations with the Arab world. Hence, Egypt signed an agreement to facilitate trade exchange to help annul customs among the Arab countries by 2007. Egypt also signed Aghadir Agreement to establish free trade zone with Morocco, Tunisia and Jordan.

African cooperation
Egypt works on deepening cooperation with the COMASA countries and it also boosts all African efforts exerted to put the NEPAD into effect.

Asian cooperation
Egypt works on deepening cooperation with the Asian countries in the economic fields; hence it signed cooperation agreements with China, South Korea and Japan.

European cooperation
Egypt managed to benefit from its relationships with the EU countries, as it signed Partnership Agreement with the EU.

Cooperation with the United States
The United States is the second largest trade partner of Egypt after the EU. In December 2004, Egypt signed the QIZ Protocol with the US and Israel to make Egyptian clothes and textile products enter the US markets.