Egypt's export opportunities hit $1.1 billion within a year

CAIRO - 29 December 2021: The Commercial Representation Authority has provided 1,189 export opportunities with an estimated value of the most important at about $1.086 billion in the sectors of agricultural crops, food products, fertilizers, building materials, furniture, engineering goods, household appliances, clothing, textiles and packaging requirements, according to the Ministry of Commerce and Industry.

The Ministry explained that the Authority has provided a number of investment opportunities and projects with an estimated value of the most important at about $1.962 billion in the sectors of the food, engineering and medical industries, information and communication technology, tourism, hotels, restaurants and others.

The offices of the Commercial Representation Authority made available 156 international and external tenders that were circulated to the most important business entities and groupings in Egypt.

It pointed out that 2,241 studies, market/sector reports, qualitative reports, Egyptian source guide and information report have been prepared and updated.

The ministry indicated that Egyptian exports were promoted through dealing with about 12,176 requests for promotion and commercial inquiries, and providing data, information and statistics related to foreign markets.

It stated that 381 commercial disputes were resolved amicably, in addition to organizing a workshop to maximize the benefit of Egyptian companies from the Canadian program to enhance the role of women in trade to achieve comprehensive and sustainable development.

The ministry noted that 30 virtual seminars and meetings were held in cooperation with Egyptian commercial offices abroad, export councils, the Industrial Modernization Center, and Egyptian and foreign companies and agencies.

It also pointed out that many foreign buyers' missions were attracted to visit Egyptian exhibitions, the most important of which is Food Africa, where more than 70 foreign buyers from 19 countries were attracted.

The offices contributed to arranging, preparing and coordinating with the concerned authorities for the Egyptian participation in 16 international exhibitions, most notably the Anuga exhibition held in Germany in October 2021, with the participation of 49 companies that were able to conclude initial contracts worth $30 million.

It stated that assistance was provided in arranging and preparing the meetings of several joint Egyptian committees, including the thirteenth session of the Egyptian-Russian Joint Committee, which was held in Moscow during June 2021.

It also dealt with trade obstacles such as customs and non-tariff restrictions, most notably with regard to Egyptian exports of fish to the European Union markets, and agricultural and food crops to the markets of Japan, Saudi Arabia, Germany and others.

“The website for commercial representation, which includes 638 Egyptian companies, has been launched so far, and the website has been provided with all the data and information that the Egyptian exporter needs to access foreign markets,” it noted.

The Commercial Representation Authority also assumed the duties of the General Commissioner for Egyptian participation in the activities of the "Expo Dubai 2020", and took over the activities of the Business Links Initiative between Egypt and West African countries in cooperation with Attijariwafa Bank, within which a number of promotional activities and events are implemented aimed at increasing economic and commercial cooperation and investment between Egypt and West African countries, where the first step of this initiative was the completion of the visit of the Egyptian trade mission headed by the Minister of Trade and Industry at the head of a delegation of representatives of the Egyptian business community to Cameroon and Senegal during the period from 4-10 July 2021.