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Egypt, Djibouti trade minister discuss mutual cooperation
23 November 2017  -  Sector :  -  Entity :  -  Category : General

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An Egyptian working group will visit Djibouti soon to follow up on the establishment of a logistic zone there.

Minister of Trade and Industry Tarek Kabil met today with Djibouti's Minister of Trade, Small and Medium Enterprises, Handicrafts and Tourism Hassan Hamad Ibrahim, in the presence of Djibouti’s Ambassador to Egypt Mohamed Mazhar Hersy.

The meeting discussed mutual cooperation between Egypt and Djibouti, especially in the fields of investment, maritime transport, logisctics, know-how transfer and capacity building.

Kabil said that an Egyptian working group will visit Djibouti soon to follow up on the establishment of a logistic zone there.

“The logistic zone will be a gate for Egyptian exports into Djibouti and other countries in the East and Horn of Africa,” he added.
 
Official figures show that the volume of trade between Egypt and Djibouti hit 27.7 million dollars last year, with exports amounting to 27.6 million dollars, which include: foodstuff, chemicals, glass, textiles, machines, agricultural and dairy products.
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