Egypt is also a member of:
- The Group of fifteen (G15) which was established in 1989 for
promoting South-South Cooperation and North -South dialogue in trade,
investment and technology in order to pursue collaboration on economic issues
and to strengthen negotiating status of developing countries with the developed
countries.
- The D-8 is a global arrangement to improve developing countries'
positions in the world economy, diversify and create new opportunities in trade
relations, enhance participation in decision-making at the international level,
and provide better standards of living. The D-8 comprises co-founders Egypt,
Iran, Turkey, Pakistan, Bangladesh, Indonesia, Malaysia, and Nigeria.
- The group of 77 (G77)was established by seventy - seven developing
countries. It is the largest Third World coalition in the United Nations, The
group of 77 provides the means for the developing world to articulate and
promote its collective economic interests and enhance its joint negotiating
capacity on all major international economic issues in the United Nations
system, and promote economic and technical cooperation among developing
countries.
Indirect incentives to encourage and promote investments in Egypt are in the
form of a number of treaties that Egypt signed with its major trading partners
for:
- "Encouragement and reciprocal Protection" of investment which has
been signed with 84 countries as follows: Italy, Tunisia, Libya Ecuador,
Argentina, Spain, Uzbekistan, Ukraine, Kazakhstan, Czech Republic, Albania,
Indonesia, China, Comoros, Romania, Poland, Hungary, Turkmenistan, Uganda,
Netherlands, Armenia, Lebanon, Turkey, Canada, South Korea, Sri Lanka, Latvia,
Greece, United Arab Emirates, Morocco, Malaysia, Singapore, Belarus, Gabon,
Niger, Senegal, Guinea, Mali, Ghana, Chad, Russia, India, Jamaica, Denmark,
Belgium, Luxembourg, Jordan, Algeria, Slovakia, Tanzania, Syria, Bahrain,
Croatia, Bosnia and Herzegovina, Bulgaria, Oman, Palestine, Djibouti, Cyprus,
South Africa, Slovenia, Mozambique, Malta, Portugal, Zimbabwe, Georgia,
Macedonia, Austria, Cameroon, Qatar, Zambia, Malawi, Central Africa, Nigeria,
Korea People's Republic, Thailand, Chile, Kuwait, Pakistan, Vietnam, Congo,
Australia and the OPEC Fund for International Development, Sudan, Finland and
other treaties will also come into effect soon.
- Providing Against Double Taxation which has been signed with 31 countries
as follows: Sweden, German, Austria, Norway, Finland, Italy, Iraq, Japan,
India, Sudan, United Kingdom, Romania, France, United States of America,
Canada, Switzerland, Yugoslavia, Denmark, Morocco, Tunisia, Libya, Syria,
Hungary, South Korea, Cyprus, United Arab Emirates, Czech Republic, Belgium,
Jordan, Turkey and Lebanon. Other tax treaties will also come into effect soon.
The US- Egyptian Partnership for Economic Growth and development, signed in
September 1994, was a milestone in Bilateral relations. In July 1999, Egypt and
the US signed the trade and investment Framework Agreement (TIFA), a
preliminary step toward a free trade agreement. Negotiations are still
underway. |