Industry minister emphasized Egyptian, Japanese business communities

CAIRO - 27 February 2019: Minister of Trade and Industry Amr Nassar highlighted the vital role of the Egyptian and Japanese business communities in enhancing economic cooperation fields between the two countries in the coming phase.

The minister's remarks were made during his meeting with members of the Egyptian side to the Egyptian-Japanese Business Council. The meeting took up preparations for an upcoming visit by a Japanese businessmen delegation to Egypt, set for March 10 to 12.

During the meeting, Nassar pointed out that Egypt is keen on luring more Japanese companies to invest in Egypt along with exchanging expertise with Japan in the industrial field, a matter which could greatly contribute to the development of the Egyptian industry and increase its competitiveness in the local, regional and international markets.

He also highlighted the importance of activating joint action this year at the bilateral and continental levels especially in light of Egypt's assumption of the presidency of the African Union earlier this month, in addition to Japan's hosting the G20 Summit in June and the convocation of Tokyo International Conference on African Development (TICAD 7) in August.

A delegation of Japanese businessmen representing 50 companies are expected to pay a visit to Egypt, set for March 10-12, to take part in the 11th conference of the Egyptian-Japanese Business Council and the Egyptian-Japanese Investment Forum.

A number of agreements and memoranda of understanding will be signed during the visit of the Japanese delegation.

Nassar said the Japanese delegation will be briefed on the recent efforts exerted by the Egyptian government to introduce a genuine economic reform, carry out mega national projects and lure more foreign investments.