CAIRO - 2 January 2022: Head of Commercial Representation office Yehia El-Wathiq Billah said the Trade and Industry Ministry aims to increase Egyptian exports to the Common Market for Eastern and Southern Africa (COMESA) states by 50 percent during Egypt’s presidency to the agency.
In statements on Saturday, he added that the African market is promising as its volume of consumption spending stands at $4.5 billion and is expected to reach $6 billion by 2025.
He added that Egypt’s exports to Africa are estimated at only $4 million while the African market’s total imports reach $600 billion.
He added that Egypt’s plan to expand its work in Africa includes organizing a periodic fair for COMESA states as well as benefiting from agriculture lands in African countries to plant important crops.
He also said that Egypt aims to establish logistic zones in a number of important African countries as well as raising the rates of trade and investment exchange.