Egypt’s exports to France up 21% in first 8 months of 2017

CAIRO – 18 October 2017: Trade exchange volume between Egypt and France saw a notable progress in the period from January to August 2017, reaching 1.54 billion euros, compared with 1.38 billion euros in the same period last year, Trade Minister Tarek Kabil said Wednesday.

Egypt’s exports to France in the same period increased by 21 percent to 401 million euros, compared to 332 million euros in the year-ago period, Kabil added.

The minister’s statements came during his meeting with French Ambassador in Cairo Stefan Roumtier as they reviewed the future of economic cooperation between the two countries and French investments in Egypt.

Kabil said that Egypt and France have established close strategic relations at the political and economic levels, highlighting the need for expanding such cooperation and increasing the volume of trade exchange and joint investments.

He further said that the government is keen on luring more French investments to the Egyptian market so that France can benefit from the available investment opportunities and the distinguished strategic location of Egypt in marketing French companies' products in other Arab markets, state news agency MENA reported.

The meeting also took up joint cooperation in the fields of small- and medium-sized enterprises (SMEs) so as to motivate the French companies operating in Egypt to extend its expertise to such sector.

The French ambassador asserted that his country was keen on further expanding bilateral relations at all levels in the coming period so as to serve the best interests of the two countries, according to MENA.