Egypt, Tatarstan agree to set up business council

CAIRO - 15 October 2018: Egypt and Tatarstan signed a protocol of cooperation to set up a joint business council to boost trade exchange between the two countries.

The protocol was signed by chairman of the Federation of Egyptian Chambers of Commerce Ahmed el Wakil and his Tatarstan counterpart.

Addressing a joint business forum, Secretary General of the Federation of Egyptian Chambers of Commerce Alaa Ezz said Egypt can be gateway for Tatarstan exports into Africa.

He called on Tatarstan companies to cooperate with their Egyptian counterparts, saying Egypt is Africa's first investment destination.

He referred to the International Monetary Fund's positive reports on the Egyptian economy and investment climate.

He said Egypt has taken many steps to develop infrastructure, including setting up 7,000-km-long roads at a cost of 85 billion pounds.

The Tatarstan official said there are many spheres of cooperation Egypt and Tatarstan can engage into to increase the volume of trade exchange between them that did not surmount 20 million dollars last week.

He called on Egyptian businessmen to take part in the exhibitions organized in Tatarstan within the coming period.