Egypt's Minister of Trade and Industry Tarek Kabil listens during an interview with Reuters after Euromoney Conference in Cairo - Reuters/Amr Abdallah Dalsh Egypt's Minister of Trade and Industry Tarek Kabil listens during an interview with Reuters after Euromoney Conference in Cairo - Reuters/Amr Abdallah Dalsh

Trade exchange between Egypt, Ukraine hit $1.25B in H1 of 2017

By: MENA
Tue, Dec. 12, 2017
CAIRO - 12 December 2017: The volume of trade exchange between Egypt and Ukraine recorded $1.255 billion from January to June 2017, compared to $1.206 billion during the same period last year.

This was announced by Trade and Industry Minister Tareq Qabil during his meeting with Ukrainian First Vice Prime Minister and Economic Development and Trade Minister Stepan Kubiv on the sidelines of his participation in the World Trade Organization's 11th ministerial conference, currently in session in Buenos Aires, Argentine.

Egypt's exports to Ukraine increased by 49.23 percent in the first half of 2017, Qabil said.

He added that Egypt's main exports to Ukraine include vegetables and fruits, especially oranges, potatoes and onions, pharmaceuticals, garments, polyethylene slabs, flat glass panels and detergents.

While Egypt's imports include iron and steel and their products, corn, wheat, sunflower oil, soybeans, tobacco, tanker trucks, Urea and cows, he added.

A meeting between Egyptian and Ukrainian exporters will be held in January, Qabil said.

He added that he received an invitation to visit Ukraine next year for talks with senior officials and attend the Egyptian-Ukrainian Business Forum.

For his part, the Ukrainian minister said that his country could cooperate with Egypt in establishing silos, benefiting from Ukraine's expertise in this field.

He also expressed his country's keenness on beefing up trade and investment cooperation with Egypt in the coming stage
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