Abstract:
The Agreement under negotiation between Egypt and the EU will affect the industrial sector and the rest of the Egyptian Economy in a significant way. It will entail phasing out tariffs on Egyptian imports from the EU-form which Egypt imports about half of its total inports-to zero over a 12-year period. The paper explores the nature and magnitude of the agreement’s impact on the agreement by using it as one component of a coherent growth strategy. It further outlines the key elements of a strategy that aims to achieve a sustainable growth rate of 7 percent per annum.
