Egypt's exports to Libya rise 64.5% during 2021

Cairo - 25 January 2022: The Libyan market is one of the largest receiving markets for Egyptian exports in 2021, as it ranked 9th globally, with exports worth $938 million, compared to about $570 million in 2020, achieving an increase of 64.5 percent, according to Minister of Trade and Industry, Nevine Gamea.

 

Gamea indicated Tuesday that the current period is witnessing tangible cooperation between the two countries in the industrial field aimed at transferring Egyptian industrial expertise to the Libyan economy with the aim of restoring the rotation of the production wheel and benefiting from the great potentials of the Libyan economy. 

 

She pointed to the possibility of strengthening bilateral cooperation between the two countries in the investment field.

 

The minister said, in a statement, that the Egyptian state is keen to strengthen the frameworks of joint cooperation with the brotherly state of Libya in various fields and at all levels, pointing out the importance of building on the strong historical relations, neighborliness and Arabism, and translating them into concrete cooperation projects that serve the interest of the two brotherly peoples and the Egyptian and Libyan economies alike.

 

These statements came during Gamea’s meeting with Libyan Minister of State for Economic Affairs, Salama Al-Ghawil, to review the latest developments in the relations of joint economic cooperation between the two countries and ways to enhance trade, investment and industrial relations between Egypt and Libya during the next stage.

 

For his part, Salama Al-Ghawil, the Libyan Minister of State for Economic Affairs, affirmed his country’s keenness to strengthen joint economic cooperation between the two countries, in a way that reflects the historical and geographical ties with the sisterly state of Egypt, pointing to the Libyan government’s keenness to transfer the successful Egyptian economic experience to the Libyan economy, especially with regard to developing the sector. industrial sector, promoting foreign trade and developing the investment sector.

 

He pointed out the importance of translating the joint positions between the two countries into concrete cooperation projects that benefit both countries, pointing to the need to activate government efforts to benefit from all the cooperation agreements signed between the two countries during the visit of Egyptian Prime Minister Mostafa Madbouly to Libya during the month of April of last year.