Egypt is found in North Africa and it is bordered by Sudan, Israel, the Gaza Strip, Libya, the Red Sea and the Mediterranean Sea. Its terrain is mostly desert plateau, and it is only interrupted by the Delta and the Nile Valley. Three percent of the lands are arable, while around three percent of the entire land area is being mechanically irrigated. The land that can be cultivated is being lost because of the windblown sands and urbanization.
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Egypt is known to maintain good diplomatic relations with the countries that are found in the United Nations, and it is a member of the African Development Bank, the Arab Monetary Funds, the Arab League, the Council of Arab Economic Unity and the International Monetary Fund along with other organizations that are related to the African Unity.
In the year 1998, Egypt became a member of the Common Market of Eastern and Southern Africa called COMESA, which reduces the tariff for the members up to 90 percent and also established the custom union in 2004 to view and establish the monetary union until 2025.
In 1999, Egypt started a partnership with the United States through the investment and trade framework agreement called TIFA, which enhances the co-operation between the two different countries and facilitates the reciprocal access of the respective markets for the countries by getting rid of non-tariff barriers together with impediments of trading and investment flow.
In 2011, Egypt entered into negotiations and initiated the partnership agreement together with the European Union so that they may enter into an agreement before the end of that year. This agreement would permit Egypt to join the proposed European Mediterranean zone that was established in 2010. This agreement set a 12-year transitional period during which the non-tariff barriers are going to be phased out.
Egypt plays an important diplomatic role in the Middle East. Egypt has been the home of the headquarters of the Arab League since it was returned to Cairo from Tunis. The country is most concerned about how to enhance the regional stability and how to continue working in strengthening the relationship of the Arab League with Iran and Turkey. They also want to help in lifting the sanctions of the United Nations for Iraq so that Iraq can be reintegrated. Egypt has now started to implement the agreement that has been reached by the members of the Arab League regarding the Arab common market treaty, which involves phasing out the existing tariffs in 10 years. The members are Pakistan, Malaysia, Bangladesh, Nigeria, Indonesia, Turkey and Egypt. The countries agreed that they will abolish the custom duties so that they may encourage the development of the free zone in the Arab countries.
If you want to start doing business in Egypt, you will also find that Egypt has trade agreements with other countries like Japan, Switzerland, Sweden, the United Kingdom, Italy, Indonesia, China, Singapore, Malaysia, Morocco, Sudan, Romania, Greece and many others.