Today the current believing is that the success of the Uruguay Round will effectively contribute to revitalizing the world trade after years of stagnation and low growth rates in the major industriali
Today the current believing is that the success of the Uruguay Round will effectively contribute to revitalizing the world trade after years of stagnation and low growth rates in the major industrialized countries. There are studies predicting that the implementation of the results of the Uruguay Round will contribute to an increase in global results by the equivalent of $ 300 billion per year. This recovery in the global trade will have a positive impact on developing countries.
As of the beginning of 1995, the World Trade Organization (WTO) was responsible for overseeing the global trading system. Undoubtedly, the liberalization of trade and investment in all areas covered by the Uruguay Round has promoted the growing phenomenon of trade globalization and the emergence of new trends in international trade and foreign direct investment with respect to the control of multinational corporations, trade alliances and international organizations in managing the global trade.
Egypt was the first African nation to go into conciliatory relations with the People's Republic of China, in 1956. Over more than a half of century, the two nations have been keeping up strong political and trade organization and introducing a powerful model of productive South-South collaboration. In 1953, preceding conciliatory relations were formally settled, exchange trade was esteemed at US$11 million; US$10 million exports to China and US$600 thousand imports. With Egypt, having perceived the People's Republic of China in 1956, new roads of participation got to be distinctly accessible. In 1964, the two governments consented to an arrangement of trade and specialized participation in Beijing. In 1985, another exchange understanding was marked, stipulating that respective trade would be settled with exchangeable trade from that point on. By March 1995, the two nations marked a trade and exchange consent to supplant the improvement to equal trade between the two nations. China and Egypt agreed to plan to rejecting double tax collection and expense elusion. In November 2006, the two nations marked an update of understanding and consented to upgrade all-round participation in exchange, interest with an end goal to raise two-sided trade ties. As of late in 2009, Egypt facilitated the China-Africa Cooperation Forum with the end goal of extending key organization between the two sides for maintainable advancement. This occasion can be viewed as another period of trade exchange and regulatory collaboration amongst China and Egypt. The two sides consented to further improve collaboration in traditions, tax assessment, investigation and isolate, and to close and actualize applicable participation assertions for the sound advancement of China-Egypt exchange. Most of the Egyptian electronic and other goods are likely to be developed and assembled in China, All things considered, the profundity of the trade relations and the extensive number of exchange and trade understandings and conventions between the two nations, the present volume of the trade between them doesn't reflect these since quite a while ago matured ties.
1.1 Problem statement
Based on previous outputs of the studies and research related to the trade and economic relations between Egypt and China. There is a problem in Egypt, the invasion of Chinese products Egyptian market broadly. While the Government of Egypt seeks to increase trade, and strengthen trade cooperation with China.
Therefore, the main problem is that governments did not make a standard for enhancing economic cooperation between the two countries, especially that Egypt is witnessing huge events, and changes surprised, in addition to political instability, and the state of popular boiling, and economic decline witnessed by the current Egyptian government. Therefore, this study will provide a conceptual framework based on research, access and knowledge to fill this gap, how to handle the two governments to increase trade and boost confidence about that, despite the difficulties experienced by Egypt.