News

UK-Egypt Association Agreement

Trade and market access

Brexit pulse alert: respond to the business impacts of Brexit

7 December, 2020

Brexit development

The UK government has agreed a continuity trade agreement with Egypt to ensure businesses in both countries can continue to trade on largely the same terms as present.

Top Brexit impacts

The agreement in principle provides confidence to businesses that trade between the UK and Egypt will continue on largely the same terms as secured in the EU-Egypt Association Agreement. Total trade in goods and services between the UK and Egypt was worth £3.5 billion in 2019.

The UK government has said the new agreement “will provide tariff-free trade on industrial products, as well as liberalisation of trade in agriculture, agri-foods and fisheries which will make trade easier and deliver significant savings to businesses in both the UK and Egypt”.

Actions for business

Businesses trading within the UK-Egypt corridor will be able to plan for the future with greater certainty. Once published, businesses will have some time to examine the legal text of the agreement, which will come into effect on 1 January 2021 after the transition period.

To discuss specific support with your Brexit preparations based on this latest development contact: Deloitte Brexit Insight

Did you find this useful?