Egypt-Belarus trade grew over the last three years to around
$130 million from January to November 2019.
Cairo- Feb 20, 2020
Minister of Trade and Industry Nevine
Gamea and Vladimir Koltovich, the Belarus’s antimonopoly regulation and trade minister,
chaired today the first meeting of the joint Egyptian-Belarusian business
council and the fifth business forum, held in the New Administrative Capital,
with the participation of a host of businessmen from both countries.
The meeting explored means of expanding trade and investment
between Egypt and Belarus, given that bilateral trade grew over the last three
years to around $130 million from January to November 2019.
“Belarus is one of Egypt’s top partners in the
Eurasian Union,” Gamea stressed, noting that a large number of joint projects have
been established lately; mainly in the assembly and manufacture of trucks,
tractors, engines and loaders.
She added that the east European
country could well benefit from Egypt’s location and wide range of agreements
to access the African market and others across the globe.
The minister further pointed out
that there is ample opportunity for Belarusian companies to invest in the
country’s megaprojects, such as the Suez Canal Economic Zone, new cities,
railway and land reclamation.
Koltovich, for his part, highlighted
his country’s keenness to boost its economic ties with Egypt, noting that
Belarus is willing to support Egyptian industry through technology transfer and
joint industrial ventures.
The two ministers also opened the
fifth business forum, where 12 memoranda of understanding (MoUs) were signed
between various Egyptian companies and government entities, and their