Egyptian exports to Spain increased 75% in first 7 months of 2017: Minister

Ahram Online , Saturday 9 Dec 2017

Egypt's minister of trade and industry, Tarek Qabil, met Saturday with Spain's Marisa Poncela García in Buenos Aires on the fringes of this week's WTO ministerial meetings

Egyptian Minister of Trade and Industry Tarek Qabil said on Saturday that Egyptian exports to Spain from January to August 2017 reached 779.8 million euros compared to 443.7 million euros in the same period last year, an increase of 75 percent, Egypt's MENA news agency reported.

Minister Qabil held talks on Saturday with Spanish Trade Minister Maria Luisa Poncela in Buenos Aires where they discussed Egyptian-Spanish economic relations.

Qabil also said that Spanish imports to Egypt decreased during the same period, amounting to 823.5 million euros from January to August 2017 compared to 929 million euros the previous year.

Garcia said that Spain is looking forward to expanding its investments in Egypt. 

Qabil is currently in Buenos Aires heading the Egyptian delegation to the 11th World Trade Organisation (WTO) ministerial conference, which will kick off on Sunday.

The Egyptian minister is expected to meet with a number of counterparts from other countries during the conference, where 164 WTO member countries are participating, according to official statements.

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