Volume of trade exchange between Egypt, Canada reaches $1.7B: Minister


Wed, 22 Jul 2020 - 03:21 GMT

Exports- Creative Commons cia Pixabay

Exports- Creative Commons cia Pixabay

CAIRO - 22 July 2020: Minister of Planning and Economic Development Hala el Saeed said that the volume of trade exchange between Egypt and Canada has reached $1.7 billion and is expected to further increase in light of bilateral cooperation that resulted from the Egyptian economy recovery.

Saeed made the remarks during her participation in a webinar held by the Canada Arab Business Council on the economic and investment relations between Egypt and Canada in the presence of Canadian Minister of International Trade Mary Ng and Egyptian Ambassador to Canada Ahmed Abu Zeid, according to a statement by the Planning Ministry on Wednesday.

Saeed described bilateral relations between Canada and Egypt as distinguished, underlining the importance of boosting cooperation in various fields including artificial intelligence and information exchange domains.

Saeed asserted that Canada’s private sector plays a key role in the Egyptian market and achieves major successes, the latest of which is the winning of a major Canadian company, in cooperation with its Egyptian counterpart, with a contract to implement the electric train “monorail” in the New Administrative Capital and in the 6th of October City.

The State is currently working to implement the structural reform stage to maintain the gains of the first phase of the economic and social reform program, she pointed out.

Canada's minister of international trade asserted her country’s keenness on increasing cooperation with Egypt in various fields, saying that Egypt is one of the key countries in the Arab world and the African continent.



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