Speaking during the opening session of the Egyptian-Ukrainian Business Forum on Thursday, Moselhi invited Ukrainian firms to invest in the Egyptian silos market and to use the Egyptian market as a hub for trading Ukrainian wheat.

There are unlimited opportunities to develop trade relations between both countries, he said, adding that more commodities could be added to the mixture of the Egyptian exports to Ukraine, a step that would help achieve a balance in the trade balance.

Trade balance between Egypt and Ukraine has hit about $1.8 billion  in 2020, down from about $2.63 billion recorded in 2019, due to restrictions imposed on global trade by the coronavirus pandemic, Moselhi noted.