Investment, trade ministers meet with Egyptian-Chinese business council

CAIRO - 10 August 2018: Investment and International Cooperation Minister Sahar Nasr and Amr Nassar, the Trade and Industry Minister, have held a meeting with a delegation of the Egyptian-Chinese Business Council, led by Ahmed el Suwaidi.

The meeting tackled means of activating the council's role in fostering and developing trade and investment relations between Egypt and China, the Trade and Industry Ministry said in a statement on Friday.

They also discussed current and coming activities of the council for boosting trade exchange, particularly increasing Egypt's exports to China and setting up joint investment ventures, the statement read.

Preparations for Egypt's participation in China-Africa cooperation forum that will be held in Beijing in September were mulled during the meeting.

The Egyptian officials reviewed the country's participation in the international exhibition for imports, set to be held in China in November with the participation of 100 countries in addition to a large number of Egyptian companies.

The meeting comes to lure more Chinese investments in the country and get more Chinese grants to support the development projects, said Nasr.

Nassar, for his part, said that the government is keen on strengthening Egyptian-Chinese cooperation as part of the comprehensive strategic partnership between the two countries.

He underscored the importance of establishing joint investment projects in east and west Africa.