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Euro-Mediterranean free trade area
Free trade area From Wikipedia, the free encyclopedia
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The European Union-Mediterranean Free Trade Area (EU-MED FTA, EMFTA), also called the Euro-Mediterranean Free Trade Area or Euromed FTA, is based on the Barcelona Process and European Neighbourhood Policy (ENP). The Barcelona Process, developed after the Barcelona Conference in successive annual meetings, is a set of goals designed to lead to a free trade area in the Mediterranean Region and the Middle East.
A Regional Convention on pan-Euro-Mediterranean preferential Rules of Origin was signed in June 2011 to allow identical rules of origin across the region. The convention covers the EU, the EFTA, the EU customs unions with third states (Turkey, Andorra, San Marino), the EU candidate states, the partners of the Barcelona Process and possibly at a later stage all of the European Neighbourhood Policy partners.[1] The convention was in force from May 2012 and is the last step taken in the Barcelona Process so far.
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History
The Agadir Agreement of 2004 (FTA between Jordan, Tunisia, Morocco, Egypt) was seen as its first building block. Further steps were envisioned into the European Neighbourhood policy (ENP) Action plans negotiated between the European Union and the partner states on the southern shores of the Mediterranean Sea, mostly with Arab League member states.
The initial aim was to create a matrix of Free Trade Agreements between each of the partners and the others. Then a single free trade area was to be formed, including the European Union.
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Partners
- European Union
- Turkey (maintains a Customs Union with the EU)
- Morocco (member of the Arab League and the Arab Maghreb Union)
- Algeria (member of the Arab League and the Arab Maghreb Union)
- Tunisia (member of the Arab League and the Arab Maghreb Union)
- Egypt (member of the Arab League)
- Jordan (member of the Arab League)
- Lebanon (member of the Arab League)
- Israel
- Palestinian National Authority (member of the Arab League)
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Prospective partners
- Syria (Member of the Arab League)
- Libya (member of the Arab League and the Arab Maghreb Union)
- Gulf Cooperation Council
- Iraq (Member of the Arab League)
- Mauritania (member of the Arab League and the Arab Maghreb Union)
- United Kingdom (Former member of the EU)
FTA progress
instrument and year of entry into force
instrument and year of provisional entry into force
in negotiations
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See also
- African Economic Community
- Deep and Comprehensive Free Trade Area
- Eastern Partnership
- Economic integration
- EUR.1 movement certificate
- List of free trade agreements
- List of trade blocs
- Middle East economic integration
- Stability Pact for South Eastern Europe
- Union for the Mediterranean
- US-Middle East Free Trade Area (US-MEFTA)
References
External links
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