Egypt's amb. in Tokyo probes enhancing cooperation with JETRO

CAIRO - 22 May 2018: Egyptian Ambassador in Tokyo Ayman Kamel has conferred with Head of Japan External Trade Organization (JETRO) Hiroyuki Ishige on means of enhancing economic and trade relations between the two countries.

The meeting came in the wake of a recent visit made by JETRO chief to Cairo and his meeting with President Abdel Fattah El Sisi and Prime Minister Sherif Ismail.

A statement released by the Foreign Ministry on Tuesday said the Egyptian diplomat asserted that Japanese companies have vast investment opportunities in the mega projects which are currently being implemented by the Egyptian government especially in view of the economic reforms that have recently been launched with the aim of improving the investment climate and providing necessary guarantees for foreign companies, citing the recent cancellation of restrictions on transfer of foreign currencies.

Meanwhile, JETRO chief voiced happiness over visiting Egypt, asserting that he floated a number of proposals to enhance cooperation with Egypt through several seminars and sending missions from the Japanese companies to Egypt.

The meeting also pored over the impediments standing in the way of increasing Egypt's agricultural exports to Japan, especially citrus exports, along with potentials of upping the export of textile and construction materials to the Japanese market.

The two sides agreed on continuing coordination in the coming phase with the Japanese business community to expound the recent positive progress achieved in the Egyptian market and available investment opportunities offered by Egypt.