Nevin Gamea, Minister of Trade and Industry said that Egypt and Romania have distinguished economic and trade relations based on joint coordination and convergence of views on many regional and international issues.
Gamea indicated, according to a statement on Wednesday, that the visit of President Abdel Fattah Al-Sisi to Romania in 2019, as well as the current visit of Romanian President Klaus Iohannis to Egypt represent a basic pillar for the development of trade and economic relations between the two countries during the current stage and in the future.
This came in the context of the Minister’s speech delivered on her behalf by Minister Plenipotentiary Trade Nasser Hamid, Director of Europe Department of Commercial Representation, during the activities of the Egyptian-Romanian Business Forum, in the presence of Daniela Nicolescu, Romania’s Deputy Minister of Economy, Entrepreneurship and Tourism.
The minister said that there is a distinct opportunity for cooperation between businessmen in the two countries in the fields of petrochemicals, engineering industries and the manufacture of agricultural tractors, as well as interest spinning & weaving industry, renewable energy, tourism, communications, and cybersecurity.
Gamea explained that Egyptian exports to the Romanian market amounted to about $107 million during the H1 of 2021, compared to about $72.29 million, year-on-year, an increase of 48%.
She added that Romania ranks 13th in the list of European Union (EU) countries receiving Egyptian exports.