Term of agreement
Article 31 of the agreement provides for its validity for an indefinite period, and any of the parties to the agreement can withdraw from it by notifying the Committee of Foreign Ministers of that. The validity of this agreement for the withdrawing country ends after three months have passed from the date of notification.
start to take effect
The Agadir Agreement was signed between Egypt, Morocco, Tunisia and Jordan on 22/2/2004. The agreement will enter into force as soon as the members exchange the ratification documents. It was ratified by Egypt, Tunisia and Jordan and is currently being ratified by the Moroccan authorities.
Exempt goods
All goods exchanged between member states as soon as the agreement enters into force
Features of the agreement
Applying cumulative rules of origin, which contributes to strengthening and supporting economic and trade cooperation among member states.
Striving to implement and develop the Greater Arab Free Trade Area, and to contribute to the efforts exerted to establish a common Arab market.
The Agadir Declaration allows for greater benefit from the expansion of the European Union markets after the accession of ten new countries to its membership.
The Agadir Declaration would work on developing trade exchange between Egypt and the Arab countries that signed it, especially if we know that the volume of inter-Arab trade does not exceed 10% of their total trade.
The agreement addresses many important issues such as customs regulations, rules of origin, government procurement, financial transactions, preventive measures, nascent industries, subsidies and dumping, intellectual property, standard specifications, and the establishment of a dispute settlement mechanism. to European markets and will lead to increased investments and regional cooperation among member states.
