- Source: Euro-Mediterranean free trade area
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 by 2010.
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 was in force from May 2012 and is the last step taken in the Barcelona Process so far.
History
The Agadir Agreement of 2004 (FTA between Jordan, Tunisia, Morocco, Egypt) is seen as its first building block. Further steps are 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 is to create a matrix of Free Trade Agreements between each of the partners and the others. Then a single free trade area is to be formed, including the European Union.
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)
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)
FTA progress
See also
African Economic Community
Deep and Comprehensive Free Trade Area
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
General overviews
Euro-Mediterranean Association Agreements, Summaries of EU Legislation, EU website, 2007. Consulted 4 September 2010.
System of Pan-Euro-Mediterranean Cumulation, European Commission Taxation and Customs Union page. Consulted 4 September 2010.
Euro-Med free trade area: the benefits of cumulation, EFTA Bulletin, Switzerland, July–August 2006. Consulted 4 September 2010.
More specific studies
European Union–Developing Country FTAs: Overview and Analysis, by JOSEPH F. FRANCOIS, MATTHEW MCQUEEN and GANESHAN WIGNARAJA, in "World Development" Vol. 33, No. 10, pp. 1545–1565, 2005, Elsesvier Ltd, UK.
Euro-Mediterranean Free Trade Area – Is It Time to Be Optimistic about the Future?, by Eylin Ege on the IEMed Observatory website, Barcelona, no date. Consulted 4 September 2010.
The Euro-Mediterranean Free Trade Area and its Impact on the Economies Involved, by Nicola Minasi, Rome, no date. Consulted 4 September 2010.
THE EUROMEDITERRANEAN FREE TRADE AREA: FROM COMPETITION TO INTEGRATION Archived 27 February 2012 at the Wayback Machine, by Alejandro Lorca and Gonzalo Escribano, Madrid, no date. Consulted 4 September 2010.
Kata Kunci Pencarian:
- Istanbul
- Euro-Mediterranean free trade area
- Council of Arab Economic Unity
- Free trade agreements of the European Union
- List of multilateral free trade agreements
- MEFTA
- Union for the Mediterranean
- European Free Trade Association
- European Union–Turkey Customs Union
- Euro-Mediterranean Information Society
- Foreign relations of Morocco
Radio Free Albemuth (2010)
Call Me Alma (2023)
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