Egypt, Bulgaria to enhance cooperation across diverse sectors: Trade minister

Ahram Online , Sunday 22 Oct 2023

Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Samir on Sunday.

Egypt s Minister of Trade and Industry Ahmed Samir
Egypt s Minister of Trade and Industry Ahmed Samir

 

The two countries are witnessing promising collaboration across diverse sectors, Samir highlighted during his meeting with Deyan Katratchev, the Bulgarian ambassador to Egypt, according to a Cabinet statement.

Samir expected that the upcoming visit of the Bulgarian Minister of Economy to Egypt next December will include a delegation of companies to discuss bilateral investment opportunities.

During this visit, it is expected to hold the Egyptian-Bulgarian Business Council and an Egyptian-Bulgarian business forum, he noted.

Samir added that in November, Egypt will host the third edition of the African Inter-Trade Exhibition, which is expected to include the participation of 75 countries and 1,600 exhibitors representing a distinguished opportunity for Bulgarian investors.

Samir said that investment in the Egyptian market offers various advantages, such as the availability of qualified labour and the country's preferential trade agreements with numerous countries and economic blocs.

For his part, Katratchev stressed his country’s keenness to develop economic and investment relations with Egypt, one of the most pivotal countries in the Middle East and Africa region.

“Egypt could benefit from the Bulgarian market as a gateway for its products to the European continent, while Bulgarian exports could enter African countries through the Egyptian market,” Katratchev stated.

Short link: