France provides wheat subsidies to Egypt
Egypt and France recently signed an agreement providing 25,000-tons of French wheat to Egypt, according to Al-Gomhuria daily.
The shipment, which is to arrive in Egypt this coming August, consists of white wheat considered relatively high in quality.
The agreement was signed by the Egyptian Minister of Supplies and Internal Commerce, Hassan Khadher, and the French Ambassador in Cairo.
In 1998, France and Egypt signed a food aid agreement marking new economic cooperation between the two parties. The same year, France granted Egypt 30,000 tons of wheat as well as $260 million in financing for drainage projects.
Since July 2000, Egypt’s total wheat purchases are estimated at 4,342,804 metric tons, 3,385,329 of which (78 percent) were purchased from the United States. –(MENA Report)
© 2001 Mena Report (www.menareport.com)