FEDCOC: Great chance looming for Egyptian exports in Serbia

CAIRO - 21 July 2022: The General Federation of Egyptian Chambers of Commerce (FEDCOC) said a great chance lies ahead for upping the volume of Egyptian-Serbian trade exchange and increasing Egyptian exports to Serbia.

 

In a statement Thursday, FEDCOC Chairman Engineer Ibrahim el Araby said the federation spotted in a report available opportunities for Egyptian-Serbian trade cooperation to get exporters, importers and investors acquainted with existing cooperation vistas to embark upon new trade and investment partnerships with Serbia.

 

The FEDCOC chairman said the Egyptian market is among most leading and promising markets in the globe in terms of luring direct investments, adding that economic reform programs the government has introduced succeeded in placing Egypt on road to real development.

 

According to the statement, the Russian-Ukrainian conflict cast shadow on goods Serbia import from Russia and Ukraine, thus opening the door for exporting more Egyptian goods to Serbia, including natural gas, plastic products, fertilizers, electronic devices, fruits, vegetables and paper products.

 

The volume of Egyptian-Serbian trade exchange hit $80 million in 2021 and the amount of Egyptian exports to Serbia reached $42.39 million in 2021, the report said, noting that Egypt is considered to be Serbia's 3rd export market in Africa.

 

The report shed light on Serbia's high potentials in the health, energy and railway sectors, thus offering a great chance for benefiting from the Serbian abilities in boosting Egyptian-Serbian cooperation.