A photo from the meeting held in Geneva on Thursday between EFTA and the delegation of Egyptian Ministry of Trade and Industry (Photo : Ministry of Trade and Industry)
During the meetings, Egypt and the EFTA will be negotiating the implementation of mutual customs exemptions on processed agricultural goods, the Ministry of Trade and Industry said in a statement.
Ibrahim El-Segeini — the head of the Egyptian side in the negotiations and assistant trade minister for Economic Affairs — said that there is noticeable progress in the negotiations with EFTA, as the two sides agree that the potential agreement should meet the aspirations of their peoples, serve the interest of their businesspeople, and boost trade exchange.
The talks come 15 years after a free-trade deal between Egypt and the EFTA came into effect in 2007.
The EFTA is a regional trade organisation and free trade area consisting of four European states: Iceland, Liechtenstein, Norway, and Switzerland.