Egypt’s exports to Peru rise 18% in 2018

CAIRO - 24 November 2019: Egypt's exports to Peru rose 18 percent year-on-year in 2018 with the most important Egyptian exports to Peru being fertilizers, plastic products and carpets, according to Minister of Trade and Industry Amr Nassar.

This came during a meeting held by the Egyptian minister of industry with his Peruvian counterpart Edgar Vasquez.

Nassar stressed the importance of enhancing economic cooperation between Egypt and Peru as the two countries are pivotal in Africa and Latin America, pointing out the possibility of utilizing the Peruvian market as a hub for Egyptian exports to South American markets, while the Egyptian market can act as as a gateway for Peruvian exports to African markets and the Middle East.

Nassarreferred to the possibility of achieving industrial and commercial integration between the two countries, especially in light of the great similarity between the economic conditions and components of both countries, indicating the availability of great investment opportunities for the Peruvian business community in the Egyptian market.

For his part, the Peruvian minister of foreign trade and tourism affirmed his country's keenness to strengthen economic cooperation with Egypt as the front of the African continent and a pivotal country in the Middle East.

Vasquez pointed out that his country is currently seeking rapprochement with the African continent through Egypt.He said Peru's economy is the sixth largest in South America and the Caribbean, with a domestic market of 32 million consumers.