Egypt’s Membership in the WTO: A New Chapter in Trade Policy

Abstract

The state of external trade became a threat to national economic security of Egypt, because the excess of imports over exports creates problems to domestic producers, leads to erosion of the country’s foreign exchange reserves and reduces the tax base. The article deals with trade policy measures that the government has maintained to reduce the critical level of trade balance deficit. The author concludes that there was a significant correction of attitude towards foreign trade policy in 2016, compared with the period that lasted from 1970 to 2015.