Egypt to unilaterally cancel trade agreement signed with Turkey during Morsi rule
The Egyptian government has decided not to extend a comprehensive free trade agreement signed with Turkey during the rule of the ousted ex-President Mohamed Morsi, the MENA news agency reported on Oct. 28.
Ties between the two countries have been strained since Morsiâs ouster last year, with Turkish President Recep Tayyip ErdoÄan repeatedly condemning the "coup" and describing the military government as illegitimate.
An undersecretary from Egyptâs Transport Ministry was quoted as saying that the agreement, made up of several close cooperation measures including allowing ships from both countries to use their respective waters, had significantly damaged the Egyptian national economy.
He said Cairo would not extend the agreement, which is in effect until March 2015.
Both countries downgraded their diplomatic relations after Egypt withdrew its ambassador from Turkey over Ankaraâs stance on the overthrow of Morsi.
ErdoÄan has since repeatedly slammed Egyptian President Abdel Fattah al-Sisi, who led the military takeover in July 2013, turning the ârabiaâ sign of the Muslim Brotherhood supporters who faced a brutal crackdown in Egypt into his rallying symbol.
A recent attempt to spark dialogue between the two countriesâ foreign ministers in New York was nixed after ErdoÄanâs strongly-worded criticism at the U.N. General Assembly.
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