Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

 Egypt's Exports to UK Grew by 46.2%

Fri 21 Jan 2022 | 09:08 PM
Ahmed Moamar

Nevin Gamae, Minister of Trade and Industry, held a meeting with a delegation of the Arab- British Chamber of Commerce (ABCC), which included Bandar Ali Reda, Secretary-General and CEO of the ABCC, and Abdel Salam Al-Idrisi, Deputy Secretary-General of the ABCC.

Gamae pointed to the importance of activating joint efforts between officials and business communities in the two countries to achieve the maximum possible benefit from the Egyptian-British partnership agreement that was signed between the two countries after Britain’s exit from the European Union (EU).

The minister pointed out that Egyptian exports to the UK markets last year amounted to about $ 1.079,  compared to about $738 million in 2020, achieving an increase of 46.2%.

She noted that the meeting discussed the possibility of organizing an Egyptian-British business forum with the participation of the business communities in the two countries to review the investment opportunities available in both Egypt and the United Kingdom in the various productive sectors and distinguished economic services for both countries with the aim of increasing joint investment flows, especially in light of the distinct investment components and opportunities in both countries.

She affirmed the important role of the Arab British Chamber of Commerce in promoting trade and investment relations between Arab countries and the United Kingdom, pointing to the importance of the Chamber promoting the Egyptian economy to British business circles and introducing the investor to the investment opportunities and incentives available in Egypt, especially with regard to investment incentives, industrial complexes and the most important targeted investment sectors.

On his part, Reda affirmed the Chamber's keenness to open channels of communication and dialogue between the Egyptian state and business circles in the United Kingdom (UK).