Trade exchange between Egypt, EU hits €28 bln in 2017

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Fri, 20 Apr 2018 - 12:11 GMT

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Fri, 20 Apr 2018 - 12:11 GMT

Minister of Industry and Trade Tareq Kabil - File photo

Minister of Industry and Trade Tareq Kabil - File photo

CAIRO - 20 April 2018: The volume of trade exchange between Egypt and the EU countries registered €28 billion in 2017, up from €27.3 billion a year earlier, Minister of Trade and Industry Tareq Qabil said in a statement Friday.

This increase was a result of the huge surge in Egypt’s exports to the EU, which jumped 21 percent year-on-year in 2017, he added.

Egyptian exports to the European markets recorded €8.1 billion in 2017, compared to €6.7 billion in the previous year, Qabil revealed.

The European Union is Egypt’s first economic and trade partner, the minister said, noting that it receives 22.7 percent of Egyptian exports to external markets. The volume of trade exchange between Egypt and the EU countries registered €28 billion in 2017, up from €27.3 billion a year earlier, Minister of Trade and Industry Tareq Qabil said in a statement Friday.

This increase was a result of the huge surge in Egypt’s exports to the EU, which jumped 21 percent year-on-year in 2017, he added.

Egyptian exports to the European markets recorded €8.1 billion in 2017, compared to €6.7 billion in the previous year, Qabil revealed.

The European Union is Egypt’s first economic and trade partner, the minister said, noting that it receives 22.7 percent of Egyptian exports to external markets.

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