Recently published official statistics indicate that the volume of trade exchanges between Egypt and Turkey during the year 2000, amounted to $490 million. Egypt’s Trade
Representation Office head in Istanbul, Ahmed Al-Gawaili has stated that Egyptian exports to Turkey hit $140 million, while Turkish exported $350 million worth of commodities during 2000.
Earlier this year, Egyptian and Turkish delegations held talks in Cairo in a bid to promote new business deals in various sectors. Both sides emphasized the need to establish an
Egyptian-Turkish free trade zone, an issue already under study.
While in Cairo, the Turkish businesspersons presented some proposals for enhancing the trade cooperation between the two countries, including establishing a Cairo-Izmir air-link, excusing iron and steel products from dumping dues and re-opening the Egyptian market to
Turkish clothes and textile products. — (Mena Report)
© 2001 Mena Report (www.menareport.com )