An Egyptian trade delegation Egypt will arrive in Yemen this coming October in an attempt to promote Egyptian products abroad. Additional trade delegations are to be sent thereafter to Oman, New Zealand, Australia, China, the United Arab Emirates (UAE) and to the Ukraine. The dispatch of such missions is the initiative of the General Federation of Egyptian Chambers of Commerce (GFECC), reported the KUNA news agency.
Head of the Egyptian Commerce Center in Iraq, Awni Hashim, recently disclosed that Egypt will also make an appearance in the upcoming 33rd Baghdad International Fair. The two countries have been actively improving bilateral trade relations, most significantly signing a Free Trade Agreement earlier this year, according to Al-Bayan daily.
During the first four months of the current year, overall exports reached 5.863 billion Egyptian pounds ($1.3 billion), while Imports amounted to 16.46 billion Egyptian pounds ($3.4 billion).
Egypt’s exports, including re-exports and free zones products, during the first 11 months of 2000 amounted to EP 16.274 billion ($3.82 billion), compared with EP 12.164 billion in the corresponding period of 1999. The value of Egyptian imports during the period in question totaled EP 48.645 billion, compared with EP 54.399 billion between January and December of 1999. — (Mena Report)
© 2001 Mena Report (www.menareport.com)
