Agadir Free Trade Agreement Among Egypt Morocco Tunisia And Jordan

An important feature of the Agadir agreement is that it uses EU rules of origin. These are at odds with US rules of origin, making it more difficult for the countries of the Mediterranean and the Middle East to apply both in their trade relations with the two competing power blocs. The EU allows its partners in the Free Trade Agreement in the Mediterranean to accumulate added value. This means that it turns a blind eye to where value added has been added for preferential tariffs as long as it is in a country that is a partner of the free trade agreement. The United States, with the exception of special regimes such as those for export processing areas, considers only domestic value added in the country exporting to the United States. These conflicting regimes give the EU an advantage in competition with Washington to secure a Euro-Mediterranean free trade agreement as a counter-power to the free trade agreement between the US and the Middle East. The Agadir Agreement, which is in line with the spirit of the Barcelona Process (European Union), is one of the preferential regional agreements of the pan-European system. The Agadir Agreement is a free trade agreement between Egypt, Jordan, Morocco and Tunisia. Named after the Moroccan city of Agadir, where the process of creating the pact was launched in May 2001, it was signed in Rabat in February 2004 and came into force in March 2007. In 2016, the agreement was revived after six years of inactivity. In April, Lebanon and Palestine joined the trade pact. Five protocols and two memorandums were also signed. In this context, the `Agadir-SME programme` should boost economic integration between the member countries of the Agadir Agreement by applying Euro-Mediterranean rules of origin, strengthen trade and investment between agadir Member States and between them and the EU by improving the competitiveness of SMEs and strengthening supply capacity.

The project also aims to attract foreign direct investment to the Agadir agreement countries and reduce trade barriers and barriers to integration. The Agadir Declaration establishing a Free Trade Area (TDC) between the Hashish Kingdom of Jordan, the Arab Republic of Egypt, the Tunisian Republic and the Kingdom of Morocco was signed in Agadir on 5 August 2001.