This article needs to be updated.(November 2013) |
The European Union-Mediterranean Free Trade Area (EU-MED FTA, EMFTA), also called the Euro-Mediterranean Free Trade Area or Euromed FTA, is based on the Barcelona Process and European Neighbourhood Policy (ENP). The Barcelona Process, developed after the Barcelona Conference in successive annual meetings, is a set of goals designed to lead to a free trade area in the Mediterranean Region and the Middle East by 2010.
A Regional Convention on pan-Euro-Mediterranean preferential Rules of Origin was signed in June 2011 to allow identical rules of origin across the region.[1] The convention was in force from May 2012 and is the last step taken in the Barcelona Process so far.