Egyptian parliament approves trade agreement with Iraq

In its session to be held next Monday, the Egyptian People's Assembly (parliament) will approve the executive protocol to establish the free trade agreement between Egypt and Iraq. According to this protocol the two sides will cancel customs, taxes and other fees of similar enforced in the two states and applied on December 31, 2000 on all exchanged commodities of national origin from the two countries.

The protocol refused to impose any new customs and other fees of similar impact on exchanged trade between the two countries after the agreement will be put into actual realization.