Egypt-Serbia Trade Value Amounts to $79.7 Million

Minister of Trade and Industry Nevin Gamea said that the value of trade between Egypt and Serbia amounted to about $79.7 million in 2021, including $42.4 million in Egyptian exports and $37.4 million in imports.

The minister explained that the most important items of trade exchange between the two countries include phosphates, vegetables, fruits, plastics, fertilizers, tobacco, machinery and electrical appliances.

This came during her meeting with Tatjana Matić, Minister of Trade, Tourism and Communications of Serbia, as part of a delegation accompanying President Abdel Fattah El-Sisi, to develop joint economic relations between the two countries in the fields of industry, trade and tourism during the next stage.

Gamea added that the meeting stressed the importance of increasing intra-trade rates and facilitating the movement of trade exchange between the two countries, as well as activating the role of the Serbian Joint Business Council, in a way that contributes to benefiting from all the investment and trade potentials and opportunities in the two countries and translating them into concrete cooperation projects that are in the interest of the Egyptian and Serbian economies alike.

She stressed that there are great opportunities to enhance joint cooperation between the two countries, especially in the areas of developing small and medium enterprises, industrial training, and establishing logistic areas, in addition to attracting more tourists from Serbia to Egypt and providing medical tourism programs.

She pointed to the possibility of cooperation between the private sector in the two countries in the areas of Automotive industry, agriculture, medical supplies, communications and information technology.

She pointed to the possibility of benefiting from the Serbian market as a hub for the entry of Egyptian exports to the markets of eastern and southern European countries, pointing out that there is a great opportunity to increase Egyptian exports to Serbia, especially with regard to petrochemical products, medical preparations, salt, polyethylene, building materials and engineering goods.

She stated that the State of Serbia participates in the Egyptian market in projects with a capital of $47 million in the sectors of industry, services, construction, tourism, communications, information technology and agriculture, inviting its Serbian counterpart to visit Egypt during the holding of the exhibition "Our Heritage", and allocating a pavilion for Serbia in the exhibition.

On her part, Matić affirmed her country's keenness to strengthen the frameworks of joint economic cooperation with Egypt, as it is one of the most important countries in the Middle East and an important trade hub for African markets.

She drew attention to the importance of building on the distinguished political relations that bind the two countries, as well as benefiting from the great economic potentials and potentials of Egypt and Serbia, and translating them into concrete cooperation projects that serve the interest of the peoples of the two countries.