Agadir Agreement

Country / jurisdiction: Jordan · Year: 2007 · Status: In force · Level: International · Type: Voluntary

The Agadir Agreement provides for the gradual elimination of border tariffs among its signatory countries for industrial and energy products, including  :

Minerals, metals and related products (notably iron, steel, aluminium)

Mineral fuels, oils, distillation products, etc

Industrial products, including cars and other vehicles, or power generation devices

Nuclear reactors, boilers, machinery, etc

Fertilizers

Signatory countries can however determine specific national import restrictions based on the prohibitions listed by the Economic and Social Council of the League of Arab States for security, religious, health or environmental reasons.

Rules of origin delineated in the agreement set the following conditions for a product to benefit from preferential tariff treatment :

wholly obtained in one of the signatory countries or

incorporates non-originating materials having undergone "sufficient working or processing" in one of the signatory countries

Signatory countries can gain increased access to the European Union (EU) market, as products originating from any of them can benefit from preferential tariff treatment established by free trade agreements between the EU and any of the Agadir Agreement signatories.

Official source: https://www.investinegypt.gov.eg/English/pages/AgreementDetails.aspx?id=7