Title Protocol between the European Union and the Arab Republic of Egypt establishing a dispute settlement mechanism applicable to disputes under the trade provisions of the Euro-Mediterranean Agreement establishing an Association between the European Communities and their Member States, of the one part, and the Arab Republic of Egypt, of the other part
 

Date of adoption

 

 

11 November 2010

 

Entry into force

 

 

13 May 2011

Text versions English

 

Official source:Official Journal of the European Union L138/3 of 26 May 2011

Abstract

 

The Euro-Mediterranean Agreements contain provisions liberalising trade in goods, but the dispute settlement rules applicable to any disputes concerning these provisions rely mainly on a diplomatic approach which can be easily blocked by the party against which the complaints are lodged.

 

In this context the creation of a dispute settlement mechanism applicable to trade disputes based on streamlined and effective procedures within firm time limits, and modeled on the dispute settlement mechanisms of the most recent agreements concluded by the European Union and on the World Trade Organization (WTO) Dispute Settlement Understanding was considered.

 

Such a mechanism is likely to increase the security and predictability of the bilateral trade relations. To this end in the framework of the European Neighbourhood Policy EU-Egypt Action Plan the parties agreed to elaborate rules of procedure for dispute settlement.