Egyptian-Germany Trade Exchange Record €5.1 Billion

Nevin Gamea, Minister of Trade and Industry stressed that the Egyptian-German relations are historical and strategic relations based on successful partnerships between the two countries in various fields and at all levels, which contributed to boosting trade exchange between the two countries, which amounted to about €5.1 billion during 2021.

This came in the context of the Minister’s speech during her participation in the 25th Arab-German Economic Forum organized by the Arab-German Chamber of Commerce and Industry in the German capital Berlin, in the presence of Peter Ramsauer, President of the Arab-German Chamber of Commerce and Industry, Ambassador Abdulaziz Al-Mikhlafi, Secretary-General of the Chamber, and about 600 German and Arab businessmen.

The minister pointed out that organizing this forum at the present time and choosing Egypt as a partner for the work of its current session is a positive step to encourage trade and investment cooperation between Egypt and Germany and to build on the momentum witnessed by Egyptian-German relations, which contributes to increasing the volume of trade exchange between the two countries, which amounted to about €5.1 billion during 2021, noting the importance of making more joint efforts to increase the volume of trade exchange, which reflects the distinguished relations between the two countries.

In a statement, the minister indicated that President Abdel-Fattah El-Sisi's first visit to Germany in 2015 paved the way for the start of a new phase of bilateral cooperation in the economic, development, scientific and cultural fields, which extended to new sectors including energy, transportation, auto industry and digital transformation.

The minister said that Egypt and Germany are celebrating this year the 70th anniversary of establishing diplomatic relations between the two countries, which will be accompanied by many visits and the organization of joint events at all levels.