Export opportunities to Lebanon record $300K annually

CAIRO – 29 May 2019: The Egyptian Commercial Representation Office in Beirut succeeded in providing Egyptian companies with opportunities to export wooden beds worth $200,000 and children's toys worth $100,000 to Lebanon, totaling $300,000.

This comes within the framework of the implementation of the Egyptian Trade Representation’s plan for the development of Egyptian exports in foreign markets.

Egypt’s Cabinet announced earlier that the trade exchange between Egypt and Lebanon recorded $643 million in 2018, with Egypt's exports to the Arab country hitting $527 million, and imports from Lebanon standingat $116 million.

Meanwhile, the Egyptian Commercial Representation Office in Jeddah revealed previously that Egyptian exports of onions to Saudi Arabia during 2018 amounted to about $71 million, which are expected to grow after the successful lifting of the temporary ban on the export of onions.

On May 26, Saudi Arabia's Ministry of Environment, Water and Agriculture lifted the ban on importing onions from Egypt after negotiations between the two sides.

According to a statement issued by the Central Department of Agricultural Quarantine at the Egyptian Agriculture Ministry, an Egyptian delegation visited Saudi Arabia last month to resolve this crisis, which comes within the framework of the good relations between the two brotherly countries.