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Monday, 21 October 2019

Egypt eyes 2% trade volume with Africa: Minister of trade and industry

MENA , Sunday 13 Jan 2019
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Egypt seeks to increase its trade exchange with Africa to 1.5-2 percent, said Trade and Industry Minister Amr Nassar, who also told a parliamentary committee during a meeting in Cairo about a plan for boosting trade movement with nations across the continent.

The current 1 percent volume of trade does not match the capabilities of the largest industrial country in Africa, Nassar said.

He estimated the volume of trade with African countries at $3.4 billion in 2017 and $4.2 billion in 2018, warning of strong rivals including China, India and Turkey.

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