Export opportunities to Italy exceeds €8M in 5 months

CAIRO - 10 June 2019: The Egyptian Commercial Representative office in Milan provided over the past five months export opportunities worth more than €8 million, including €6.1 million during the month of May, First Undersecretary of the Ministry of Commerce and Industry and Head of the Commercial Representation Authority Ahmed Antar said.

Antar added Monday that the Milan Office held fruitful meetings with Italian companies to find out their import needs of different products in light of the competitive advantage and export importance of Egypt.

In a press release, Antar said that the efforts resulted in the success of the office in providing 12 export opportunities (seeds, fennel, basil, potatoes, sweet potatoes, sucrose powder, glucose-phosphate powder, and dextrin powder).

He said that the efforts of the Milan office come within the framework of the Egyptian Commercial Representation Authority and its foreign offices to implement the approved Egyptian export development plan.

Minister of Trade and Industry Amr Nassar said earlier that Egypt’s exports to Italy hit $1.24 billion during the first eight months of 2018, compared to $986 million during the same months of 2017.

Nassar added that Egypt’s imports from the Italian market dropped to $2.96 billion, compared to $3.64 billion in the period of January to August 2017.