CAIRO - 27 August 2020: Minister of Trade and Industry Niven Gamea' said that full customs duty exemption will applied on 600 Egyptian goods exported to MERCOSUR countries as of September 1.
This comes within the framework of free trade agreement inked between Egypt and MERCOSUR countries which include Brazil, Argentina, Paraguay and Uruguay, she said in statements.
The goods include cement, citrus, oil and natural gas, she added.
The MERCOSUR agreement support increasing exports to the different international markets and opening new horizons for the Egyptian products, Gamea' said.
The Ministry of Trade is keen on benefiting from the markets of all the MERCOSUR exported to countries to promote for the Egyptian exports in the markets of Latin America.
Meanwhile, Head of the Commercial Representation Authority Ahmed Meghawry said that the Egyptian exports to the MERCOSUR countries achieved a major increase as it recorded $ 490 million in 2019 in comparison to $ 212 million in 2017 with an increase of 130%.
The authority is keen on permanent contact with all the Egyptian exporting companies in order to facilitate the flow of Egyptian goods to the international markets, Meghawry said.