International Courant
Authorities officers in Egypt and Turkey purpose to enhance cooperation and improve commerce quantity between the 2 nations to $15 billion yearly.
Additionally they purpose to increase the free commerce settlement signed between the 2 nations in 2005 and which got here into impact in 2007 and entice extra Turkish funding to Egypt.
Egypt’s Minister of Investments and International Commerce Hassan al-Khatib left Cairo on Monday en path to Turkey for an essential go to that may embrace intensive conferences with senior Turkish officers, businessmen and officers of enterprise associations and corporations to debate methods to spice up commerce and funding. enhance. relations.
The go to goals to introduce the Turkish enterprise group to the various funding alternatives and property in Egypt, in addition to the measures and procedures at the moment being adopted by the Egyptian authorities to facilitate traders and facilitate the export and import system.
It’s also making an attempt to draw extra Turkish investments to the Egyptian market and improve commerce charges between the 2 nations.
Necessary conferences
The minister is predicted to take part within the conferences of the fortieth session of the Council of Commerce Ministers of the Standing Committee on Commerce and Financial Cooperation, affiliated with the Group of Islamic Cooperation.
Khatib will even meet with Turkish Commerce Minister Omer Bolat and his counterparts from a number of of the nations collaborating within the assembly, along with holding an intensive assembly with the pinnacle and members of the Turkish aspect on the Joint Enterprise Council.
The minister will even take part in conferences organized by the Egyptian Commerce Company in Turkey, with Turkish enterprise associations, together with the Union of Vehicle Producers, the Union of Contractors, the Turkish Union of Impartial Producers and the Union of Auto Components Producers.
And Khatib will maintain conferences with main Turkish corporations lively in furnishings, contracts, ready-made clothes, retail, industrial improvement, leather-based, ceramics, asset administration, timber trade and others.
Strengthening bonds
In September, throughout Egyptian President Abdel Fattah al-Sisi’s go to to Ankara, Egypt and Turkey signed 17 new agreements to enhance cooperation between the 2 nations, a transfer extensively seen as the start of a brand new part in relations.
The agreements cowl a number of areas ranging between trade, commerce, protection, healthcare, atmosphere and vitality.
Knowledge from the Central Company for Public Mobilization and Statistics exhibits that the commerce quantity between Egypt and Turkey reached three billion within the first half of 2024, in comparison with $3.7 billion in the identical interval in 2023.
Egypt goals to extend commerce change with Turkey to $15 billion per 12 months
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