A working group
from the ministries of commerce will be formed to deal with the obstacles and
challenges facing mutual trade and investment.
June 23, 2021
Minister of Trade and Industry Nevine Gamea has held a
virtual meeting with Moulay Hafid Elalamy, Moroccan minister of industry and trade,
to explore the future of bilateral economic cooperation and ways to boost mutual
trade and investments between the two countries in the time to come.
During the meeting, it was agreed to form a working group
from the ministries of commerce in the two countries to identify the obstacles
and challenges facing mutual trade and investment and find radical solutions to
them as soon as possible.
“Egypt welcomes Moroccan presence in the local market and is committed
to providing all aspects of support to current and new investments,” Gamea
Morocco, she added, is one of Egypt’s key export markets in
the Middle East and Africa, noting that total Egyptian exports to the northwest
African country amounted to $468 million last year, and some $265 million during
the first 5 months of 2021.
Moreover, Gamea invited her counterpart to visit Cairo to
discuss further economic issues, as well as regional and global ones of mutual