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Egypt, Morocco trade ministers discuss boosting mutual trade
23 June 2021  -  Organization :  -  Sector/Entity :  -  Category : General

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A working group from the ministries of commerce will be formed to deal with the obstacles and challenges facing mutual trade and investment.

Cairo- 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 said.

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 interest.

 

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