Trade between Egypt, China reached $3.2 billion in Q1 2020: Amb.


Thu, 18 Jun 2020 - 12:27 GMT

Chinese ambassador to Egypt Liao Liqiang - Press photo

Chinese ambassador to Egypt Liao Liqiang - Press photo

CAIRO – 18 June 2020: Trade between Egypt and China in the first quarter of 2020 reached $3.2 billion, China’s Ambassador in Egypt Liao Liqiang said, adding that a cooperation deal will be signed between the China Import and Export fair held online between June 14-24 and the Egyptian side.

In the ninth press conference on the novel coronavirus, Liqiang said the Chinese direct investment in Egypt reached $35 million in the same period and the total investment volume exceeded $7 billion.

Concerning the coronavirus vaccine developed in China by Sinovac Biotech, Liqiang said the Chinese President, in a China-Africa Summit on Wednesday, has pledged to make African countries among the first to benefit from the vaccine.

President Xi Jinping will also help African countries by sending experts and necessary material to face the novel virus, building a Chinese-African hospital and enhancing cooperation between African and Chinese hospitals.

During the Summit, Egyptian President Abdel Fattah El-Sisi called for prioritizing the safety of medical teams in the African states amid the coronavirus (COVID-19) crisis, as he gave a speech in a virtual Chinese-African summit.

This comes while Chinese authorities have rushed to contain a second wave of the deadly virus that emerged in the capital, Beijing, after two months with no new infections nationwide.

During the summit, President Sisi urged allocating adequate funding to guarantee the availability of required medical and preventive supplies, as well as to contain the economic and social implications of the crisis.

Sisi affirmed the need for international consolidation to back the developing nations, especially in Africa, including discharging or rescheduling debts that African nations have to repay, in order to enable these states to prepare their incentive packages for their economies and preserve their development gains.

China’s President Jinping, South Africa’s President and current Chair of the African Union Cyril Ramaphosa, Senegalese President Macky Sall, Director-General of the World Health Organization Tedros Adhanom and Head of the African Union Commission Moussa Faki took part in the summit.



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