iPhone | iPad
Android
Huawei
No chants were made and there were no banners nor placards but onlookers did not miss the message
KT APPDOWNLOAD
Egypt and Turkey sign FTA
CAIRO — Egypt and Turkey concluded a free trade agreement yesterday in Cairo in a bilateral arrangement that both sides said was a step towards a Mediterranean-wide free trade zone by 2010.
Egyptian President Hosni Mubarak and his Turkish counterpart Ahmet Necdet Sezer witnessed the signing of the agreement on the second day of Sezer’s two-day visit to Cairo, the Egyptian official news agency MENA reported.
The arrangement is to come into effect after ratification by the signatories’ parliaments.
Minister of Foreign Trade and Industry Rachid Mohammed Rachid and Turkish State Minister Kursad Tuzman, who signed yesterday on behalf of their countries, told a news conference on Monday that Egyptian manufactured goods would enjoy duty free entry into Turkey as soon as the agreement goes into effect. Turkish goods would see duties gradually reduced in four phases over 16 years.
Each state is to grant the agricultural products of the other favourable entry conditions.
Cairo is hoping that the arrangement will spur investment and job creation by attracting manufacturers who will draw on product components produced by Turkey’s more vigorous feeder industries.
Trade between Cairo and Ankara for 2005 was estimated at approximately $1 billion.
More news from
Arabic Language Youth Council's effort delves into the concept of sustainability in Arab culture
Team Abu Dhabi focus switches to Sharjah as Torrente aims for big finish to F1H2O season
‘Anything can happen (in Liv Golf Promotions) but I know my caddie well enough that we can remind each other if either of us goes off-script
Military strikes more than 450 targets in Gaza from land, sea and air in one day
Every day we are losing dozens of wounded due to a lack of care and delay in getting them out of Gaza, a spokesman said
Strategic partnership aims to redefine regional sports travel by offering sports enthusiast’s immersive and unforgettable experiences at premier global events
SNH Packing is innovating the future of packaging with eco-friendly solutions, dedicated to minimising one-time-use plastics and fostering industry-wide environmental consciousness for a sustainable tomorrow