An article appearing in Al-Alam al-Youm has reported that the total value of Egyptian exports to Japan over the past two decades reached a little over $1 billion. This figure is equivalent to the value of Japan’s exports to Egypt during the years 1998-1999. In a recent seminar discussing the joint Egyptian-Japanese relations, the participant parties agreed that the trade balance deficit, in favor of Japan, is constantly rising.
Addressing the members of this seminar, an Egyptian economic specialist stated that the Japanese investments in Japan are concentrated in 15 projects, some of which are solely Japanese projects, and mostly focussed in the petroleum sector.
The largest joint Japanese-Egyptian project in the country is the Alexandria National Steel and Iron Company. The Japanese share in this project amounts to EP 120 million, out of a total capital of EP 1.2 billion. –(Albawaba-MEBG)