Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs: Note: Any customs union, common market, economic union, customs and monetary union as well as economic and monetary union is also a free trade area. “The African Free Trade Agreement will encourage more Chinese companies to work and invest in the Egyptian economic zone to take advantage of the Suez Canal to Africa at reduced rates,” he said. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded free trade agreements, see below. List of agreements being negotiated. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. “The agreement will contribute to the development of intra-African trade flows, increase industry growth rates and achieve technological development,” he added. The agreement is a fundamental instrument to attract more Chinese investment to Egypt, he added. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. The agreement will also contribute to the development of infrastructure, the movement of people and the transfer of technical know-how, energy, information and communication technologies, which are important for sustainable development in Africa, said Gab-Allah. Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. It predicted a 50% increase in Chinese exports to African countries when the agreement enters into force. He stressed that Egypt`s trade agreements with many African, Arab and European countries, in conjunction with its location at the heart of the Belt and Road Initiative, as well as the unprecedented mutual economic and trade relations between Egypt and China will facilitate cooperation between the companies of the two countries. List of agreements between two states, two blocs or one bloc and one state.
The Prime Minister stressed that Egypt`s capabilities, including logistics and infrastructure, allow it to be the headquarters of the agreement. The People`s Republic of China has bilateral trade agreements with the blocs, countries and their two specific administrative regions: The agreement, which includes 55 countries under the aegis of the African Union, aims to lift tariffs and create a common African market by 2022, Gab-Allah said.