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The Effects of the Trade-related Investment Measures Agreement on the Egyptian Economy

In: Arab Law Quarterly
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  • 1 Economic and Public Finance, Al-Ain, Abu Dhabi, UAE
  • | 2 Associate Professor, Commercial and Maritime Law, Al-Ain University of Science and Technology, Al-Ain, Abu Dhabi, UAE
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Abstract

The Trade-Related Investment Measures (TRIMs) Agreement aims to balance the interests of developed countries seeking to protect their investments as well as developing countries trying to attract more foreign investments to finance national projects. This article assesses the TRIMs Agreement and the compatibility of Egyptian economic legislation, especially the provisions of the Investment Law No. 72/2017, alongside the impact of this agreement on the Egyptian economy. We conclude that Egyptian legislation as a whole is in line with the TRIMs Agreement, with the exception of some provisions enacted under exceptional circumstances in Egypt since January 2011. As a result of these circumstances, it is impossible accurately to assess the extent to which the Egyptian economy was affected by the implementation of TRIMs during the current period, since the policies adopted by the Government of Egypt have succeeded in increasing the volume of foreign direct investment to Egypt.

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