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Euro-Mediterranean free trade area

The European Union-Mediterranean Free Trade Area (EU-MED FTA, EMFTA), also called the Euro-Mediterranean Free Trade Area or Euromed FTA, is based on the Barcelona Process and European Neighbourhood Policy (ENP). The Barcelona Process, developed after the Barcelona Conference in successive annual meetings, is a set of goals designed to lead to a free trade area in the Mediterranean Region and the Middle East by 2010.

It is envisioned that an FTA with Rules of Origin with Pan-Euro-Mediterranean cumulation will be created. It will cover the EU, the EFTA, the EU customs unions with third states (Turkey, Andorra, San Marino), the EU candidate states, the partners of the Barcelona Process and possibly at a later stage all of the European Neighbourhood Policy partners. [1].

The Agadir Agreement of 2004 (FTA between Jordan, Tunisia, Morocco, Egypt) is seen as its first building block. Further steps are envisioned into the ENP Action plans negotiated between the European Union and the partner states on the southern shores of the Mediterranean Sea.

The initial aim is to create a matrix of Free Trade Agreements between each of the partners and the others. Then a single free trade area is to be formed, including the European Union.

Partners

Prospective partners

FTA Progress

  instrument and year of entry into force
  instrument and year of provisional entry into force
  in negotiations
  no diplomatic relations with Israel

See also

External links

General overviews
  • Euro-Mediterranean Association Agreements, Summaries of EU Legislation, EU website, 2007. Consulted 4 September 2010.
  • System of Pan-Euro-Mediterranean Cumulation, European Commission Taxation and Customs Union page. Consulted 4 September 2010.
  • Euro-Med free trade area: the benefits of cumulation, EFTA Bulletin, Switzerland, July–August 2006. Consulted 4 September 2010.
More specific studies
  • European Union–Developing Country FTAs: Overview and Analysis, by JOSEPH F. FRANCOIS, MATTHEW MCQUEEN and GANESHAN WIGNARAJA, in "World Development" Vol. 33, No. 10, pp. 1545–1565, 2005, Elsesvier Ltd, UK.
  • Euro-Mediterranean Free Trade Area - Is It Time to Be Optimistic about the Future?, by Eylin Ege on the IEMed Observatory website, Barcelona, no date. Consulted 4 September 2010.
  • The Euro-Mediterranean Free Trade Area and its Impact on the Economies Involved, by Nicola Minasi, Rome, no date. Consulted 4 September 2010.
  • THE EUROMEDITERRANEAN FREE TRADE AREA: FROM COMPETITION TO INTEGRATION, by Alejandro Lorca and Gonzalo Escribano, Madrid, no date. Consulted 4 September 2010.
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