Latest in Tag: trade Highlight
Latest in Tag: trade

Belgian trade mission visiting Egypt aims to enhance bilateral trade
The mission concluded with a visit to the construction site of the Egyptian Grand Museum

Egypt to impose EGP 900 fee on sugar exports until year’s end: industry minister
This decision will secure the needs of the local sugar market, says Qabil

Egypt’s trade deficit declines by 24.9% in January 2016: CAPMAS
Exports fall short by EGP 10.6bn, compared to EGP 32.9bn in imports in January

Egyptian ministers praise Egypt-Saudi cooperation
Several cooperation agreements are expected to be signed during King Salman’s visit

Egyptian building materials trade mission to Lebanon secures four export contracts
The mission finalised an agreement between the Egyptian polycarbonate sheet company Polyee Playst and Lebanese companies operating in Ghana, Niger, Nigeria, Sierra Leone, Ivory Coast, Iraq, and Kuwait

Qabil discusses development of cooperation with EU delegation
Minister of Industry and Foreign Trade Tarek Qabil met with the delegation of the European Union (EU) to Egypt with whom he discussed the importance of strengthening Euro-Mediterranean relations through the introduction of new programs and initiatives, and enhancing mutual cooperation within the region. “Egypt is keen to develop trade and economic relations with the …

ICS, Egyptian government turn attention to increasing Suez Canal trade volume
Speaking at the Suez Canal Global Conference (SCGC) in Cairo, the chamber’s general-secretary, Peter Hinchliffe, noted the inauguration of the Suez Canal extension in 2015 had already contributed to an addition in the total volume of international trade

Egyptian-Brazilian trade ties indicate strong relationship
Brazil and Egypt continue to enjoy strong trade relations, a resounding demonstration of the countries’ strategic partnership. It is a relationship that stems back as far as 1924 when bilateral relations between Egypt and Brazil began. Over the years, the countries have enjoyed friendly ties and struck agreements on many important global issues, particularly in …

Egyptian exports to Arab and Nile basin countries up in October
Imports from Nile basin countries declined from $107.2m to $29.42m year-on-year

Italy eyes energy projects in Egypt
Italian Minister of Economy Federica Guidi previously said Egypt is keen on attracting Italian investments

Transport Ministry aims to facilitate trade movement through set of expansionary projects
Dependence on rail and river transport saves EGP 6bn per year, says minister

Australian delegation to Egypt to assess investment opportunities
Bilateral trade between Egypt and Australia in FY 2014/2015 recorded at $386m

11.8% decline in trade balance deficit: CAPMAS
Imports declined by 8.1% to amount to EGP 47.26bn during October 2015 compared to EGP 51.43bn last year

Egyptian exports down 2.3% in 2014: CAPMAS
Petroleum exports decline by 15.7%

Egypt considers exporting food products to Cyprus
Supply Minister says Egypt can benefit from position of Cyprus to export to the EU

EU, Russia, Ukraine trade talks fail
Negotiations between the European Union, Russia and Ukraine aimed at resolving disagreements over a free trade deal between Brussels and Kiev have failed, adding to the already deep divisions between the three sides.

22.1% decrease in trade balance deficit in September 2015
The deficit recorded EGP 29.49bn in September 2015, compared to EGP 37.86bn in the same month in 2014

World Trade Organization (WTO) makes modest progress on farm export subsidies
The WTO meeting in Nairobi has failed to make much-needed progress on global trade barriers. However, members of the international trade organization did reach a deal on farm subsidies. The World Trade Organization (WTO)’s five-day meeting in Nairobi came to a modestly successful conclusion on Saturday, as the 162-member body managed to reach a deal …

Israel to give Egypt 2% of QIZ earnings
The action was said to follow Tarabin’s release on 10 December

France to invest more in Egyptian trade: ambassador
Trade between Egypt and France expected to grow by 20%, says Andre Parant

South Korea passes free-trade bill with China
Korea’s parliament has ratified a free-trade agreement with China, removing most tariffs between Asia’s largest and fourth-largest economies, while leaving curbs on rice and automobiles in place. The free trade agreement, formally adopted by lawmakers in Seoul on Monday, aims to gradually remove tariffs on more than 90 percent of traded goods within 20 years. …

EU, Australia agree to start free trade talks
The EU and Australia have agreed to start negotiations on a free trade agreement (FTA). The two sides are looking to boost growth and investment, and counterbalance potential trade pacts with the US. The announcement was made as leaders from the top world’s economies gathered for the G20 summit in Turkey on Sunday. “We believe …

People-smuggling: the trade with refugees in Bulgaria
More and more refugees are trying to reach the West via Bulgaria. The people-smuggling trade is flourishing along the dangerous route to the West – and border guards are sometimes involved in the illegal business. The trip starts in Istanbul, then continues along the smugglers’ trail though Plovdiv and Sofia to the Bulgarian-Serb border in …

Greeks start general strike over austerity
Greeks have walked off the job to protest austerity measures the southern eurozone nation has to endure as a trade-off for a third bailout granted by international lenders. Required reforms have not gone down well. Greece’s largest private and public-sector unions on Thursday kicked off a general strike against fresh austerity measures, marking the first …

Egypt International Logistics Forum gathers Arab, African business leaders
Developing logistics services in Egypt will consequently improve the trade flow in the Mediterranean region, says president of ASCAME

China, Germany ink biz contracts worth billions
China and Germany have signed a number of business deals despite the current slowdown of economic growth in the Asian nation. Visiting German Chancellor Angela Merkel supported moves towards a free trade agreement. On the fringes of German Chancellor Angela Merkel’s two-day visit to China, the two nations on Thursday signed business contracts worth 18.6 …

China indicates readiness to join US-led Pacific trade pact
An influential Communist Party newspaper has said China should join the US-led regional trade pact. The Trans-Pacific Partnership (TPP) was signed earlier this month. In a commentary in the bi-weekly Study Times published by the Central Party School for rising state officials, the TPP was deemed to have broad aims in line with China’s own …

New vision to increase industrial growth rate by 1.5% annually: Qabil
Progress evaluation will be conducted on monthly basis, says minister

Various opportunities for exporting to Africa: Minister of Industry
Meetings to take place in November to follow up on applying the COMESA customs union

Indian investors await Suez Canal master plan: Ambassador
The Indian Embassy held a celebration of Indian Technical & Economic Cooperation in Cairo