Introduction
Following its exit from the European Union, a key aspect of the United Kingdom s trade policy has been to conclude free trade agreements (FTAs) with other countries and trading blocs (for further details please see Back to basics: free trade agreements ).
To that end, the United Kingdom has been negotiating roll over FTAs to replace the European Union ones.
(1) This includes the most significant of the United Kingdom s FTAs, the Trade and Cooperation Agreement (TCA), which was concluded with the European Union on 24 December 2020.
A clear benefit of an FTA is the ability for businesses to make use of preferential tariff treatment (ie, reduced or zero tariffs and quotas) when shipping their products between parties to the FTA.
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Overseas business risk: Egypt © Crown copyright 2021 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at https://www.gov.uk/government/publications/overseas-business-risk-egypt/overseas-business-risk-egypt
1. Political
The Arab Republic of Egypt was established in 1953. The period that followed saw large-scale nationalisation, state-led development, and public sector growth. A period of economic liberalisation followed, including a series of reforms in the 1990s.