Beta
389322

An economic study to evaluate the rates of trade exchange between Egypt and the COMESA countries In light of recent economic changes

Article

Last updated: 28 Dec 2024

Subjects

-

Tags

Administrative Law

Abstract

Egypt has established a vision aimed at deepening business integration among the countries of the region to expand the pace of economic recovery from the COVID-19 pandemic. This vision arises from these challenges and in light of the important role played by COMESA as a regional economic grouping aimed at achieving sustainable development for member states, deepening economic integration, and regional development among the member countries, in harmony with the African Continental Free Trade Agreement. The Egyptian vision aims to launch several initiatives to contribute to deepening integration in various economic sectors in the short and medium terms. Egypt believes that encouraging businesses—encompassing all forms of commercial, investment, and productive activities—will significantly contribute to accelerating the pace of recovery. Regarding regional trade integration and the removal of customs barriers, Egypt has been implementing agreed-upon customs exemptions since its accession to COMESA, within the framework of the free trade area, in accordance with the principle of reciprocity. It is also working to remove any obstacles that prevent member states from providing the necessary exemptions in this regard, and establishing a mechanism for periodically reviewing the trade policies of member states. This will contribute to the effective participation of countries in applying customs privileges. Egypt places great importance on enhancing continental integration and encouraging the signatory countries of the free trade agreement for the three groupings to ratify the agreement so that it can be implemented and come into effect. Regarding industrial integration, it requires increasing productivity and cooperation in various manufacturing sectors and benefiting from the available resources of the countries in the region and their competitive capabilities to increase industrial production.

DOI

10.21608/ijarlg.2024.296257.1081

Keywords

COMESA, Nile Basin countries, Common market, Trade exchange

Authors

First Name

Mohamed

Last Name

Younis Abdel Halim

MiddleName

-

Affiliation

Professor of economics, Dean of the Faculty of Commerce, Al-Azhar University

Email

-

City

-

Orcid

-

First Name

Karima

Last Name

Mohamed Al-Saghir

MiddleName

-

Affiliation

Economics lecturer at the Institute for Research and Studies of African and Nile Basin Countries - Aswan University

Email

-

City

-

Orcid

-

First Name

Mohamed

Last Name

Imran Ahmed

MiddleName

-

Affiliation

Master’s Researcher at the Institute for African Research and Studies and the Nile Basin Countries - Aswan University

Email

m31513781@gmail.com

City

-

Orcid

-

Volume

4

Article Issue

1

Related Issue

34384

Issue Date

2022-06-01

Receive Date

2024-06-08

Publish Date

2022-06-01

Page Start

274

Page End

303

Print ISSN

2735-5411

Online ISSN

2735-542X

Link

https://ijarlg.journals.ekb.eg/article_389322.html

Detail API

https://ijarlg.journals.ekb.eg/service?article_code=389322

Order

389,322

Type

Original Article

Type Code

2,012

Publication Type

Journal

Publication Title

International Journal of Advanced Research on Law and Governance

Publication Link

https://ijarlg.journals.ekb.eg/

MainTitle

An economic study to evaluate the rates of trade exchange between Egypt and the COMESA countries In light of recent economic changes

Details

Type

Article

Created At

28 Dec 2024