Trade Exchange bet. Egypt, Uruguay hits $493.3M in 2021

CAIRO - 4 April 2022: Trade exchange between Egypt and Uruguay reached about $493.3 million in 2021, compared to about $207.3 million in 2020, according to the minister of Trade and Industry Nevine Gamea.

 

Gamea pointed out that the most important items of trade exchange between the two countries include fertilizers, electrical appliances, food preparations, oilseeds, dairy products and wool.

 

The minister affirmed that Egypt is keen on promoting economic cooperation with Uruguay within the framework of the Mercosur agreement.

 

This came during Gamea’s meeting with Uruguayan Ambassador to Egypt Adriana Lissidini in the presence of Commercial Representation Service Minister Plenipotentiary of Trade Yahya al Wathiq Billah.

 

“Uruguay is considered one of the pivotal countries in Latin America,” she added.

 

The minister stated that the Egyptian government welcomes opening new Uruguayan markets before Egyptian goods.

 

Efforts are underway to implement a plan to open new markets and increase the export of Egypt's products, the minister said in a statement Monday.

 

The meeting took up ways of establishing an Egyptian-Uruguayan business council which includes businessmen from both countries in order to enhance cooperation in trade and investment spheres, added the minister.

 

The Uruguayan ambassador, for her part, affirmed her country's keenness on promoting ties with Egypt in the various spheres.

 

Egypt is a pivotal country in the Middle East and Africa, she added, noting that Egypt and Uruguay enjoy diplomatic ties that span over 90 years.