Malaysian trade centers to open in Egypt
Malaysia plans to open numerous trade centers in Egypt in the near future. The centers would be run by the private sector, unlike government owned trade centers such as those in Dubai, according to Malaysia’s international trade and industry minister, Datuk Seri Rafidah Aziz.
Nine Malaysian electric appliance companies will reportedly have a commercial presence in the centers, according to the New Straits Times of Malaysia. Egypt had expressed interest in Malaysian electric products at this year’s G-15 conference, stated Aziz, and the nine appliance manufacturers are currently assessing the Egyptian market and would help Egypt set up the exhibition centers.
For the most part, trade relations between the two countries have been so far based on palm oil. Last year, the palm oil trade contributed more than 80 percent of the overall trade volume, the highest recorded in ten years.
The import of rubber and related products from Malaysia to Egypt is also significant, amounting to $53 million last year. Cotton is considered an important export product, attributing to 40 percent of agricultural exports.
Other Egyptian exports to Malaysia include dates, oranges, spices, food products, textiles, marble and granite, chemicals, furniture, carpets, metal products, machinery, and electrical components. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)