UK and Egypt sign association agreement
The agreement will allow British businesses and consumers to benefit from continued preferential access to the market after the end of the transition period which will help boost vital trade and investment.
In addition to securing trade, the agreement provides a framework for cooperation and further development of political, economic, social and cultural links. The UK is committed to strengthening its relationship with Egypt and building co-operation on important issues including education, the environment and human rights.
The agreement will provide tariff-free trade on industrial products, as well as liberalisation of trade in agriculture, agri foods and fisheries which will make trade easier and deliver significant savings to businesses in both the UK and Egypt.
Total trade on goods and services between the UK and Egypt was worth £3.5 billion in 2019, which we will seek to expand. ■