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The International Trade Council Team

Archive for the ‘Egypt’ Category

In a recent statement, China’s Ministry of Commerce affirmed its commitment to deepening economic and trade collaboration with Egypt. Minister Wang Wentao conveyed China’s eagerness to bolster relations and reiterated the nation’s support for Chinese enterprises seeking to invest and establish operations in Egypt.   During a meeting with the Egyptian Prime Minister held on […]

Agricultural Exports, Egypt, News

November 7, 2024

Egypt has achieved a remarkable milestone in its agricultural exports, with mandarin exports to Poland reaching an all-time high during the 2023/24 season. The first 11 months of the season saw Egypt directly supply 6.8 thousand tons of mandarins to Poland, more than doubling the 3 thousand tons shipped during the previous season. This impressive […]

Egypt, News, Trade and Export

July 18, 2024

  Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

China, Egypt, International Relations, News

January 14, 2024

In a joint statement released on Sunday, Egypt and China underscored their commitment to closely monitoring developments in the Red Sea with a primary focus on ensuring the safety and security of navigation. The joint declaration highlighted both nations’ shared concerns regarding the expanding conflict in the region and emphasized the crucial need to address […]

In a meeting with Egyptian authorities in Washington, U.S. Treasury Secretary Janet Yellen has reaffirmed the United States’ commitment to supporting Egypt’s economic reforms. The discussions, which took place on Tuesday, coincided with talks about expanding Egypt’s existing $3 billion loan program with the International Monetary Fund (IMF).   The Egyptian delegation, comprising the finance […]

Egypt, News, Trade Relations

July 27, 2023

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]