Industry min. urges laying down new road map for Egypt-UAE economic partnership

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Wed, 11 Dec 2019 - 12:08 GMT

FILE- Egypt's Minister of Trade and Industry Amr Nassar

FILE- Egypt's Minister of Trade and Industry Amr Nassar

CAIRO - 11 December 2019: Trade and Industry Minister Amr Nassar underlined the importance of laying down a new road map for Egyptian-UAE cooperation in the economic and trade scores to magnify the benefit of the potentials of both countries.

Addressing the first edition of the Egyptian-UAE trade and investment forum, he said there is ongoing coordination with UAE officials to promote industrial partnerships.

The convocation of the joint business council offers a chance for reviewing vistas of future cooperation, highlighting the role of businessmen in this respect.

He added that the Egyptian government is adopting a strategy that encourages private sector investments, noting that it also works on activating trade agreements with many countries.

The minister noted that continued coordination and cooperation between Egypt and the UAE positively affected trade exchange between the two countries.

The volume of trade exchange between the two sides reached $3 billion in 2018 with Egyptian exports standing at $1.9 billion.

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