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Egypt-Ukraine business forum kicks off in Cairo
16 December 2021  -  Sector :  -  Entity :  -  Category : General

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The forum represents a real opportunity to explore broader horizons to boost bilateral trade and investments.

Cairo- Dec 16, 2021

Following the meetings of the eighth Egyptian-Ukrainian Joint Committee for Economic, Scientific and Technical Cooperation two days ago, the Egyptian-Ukrainian Business Forum opened today in the presence of Ukrainian First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko and Egyptian Minister of International Cooperation Rania al-Mashat, along a host of officials and businessmen from both countries.

“The Egyptian government is looking forward to deeper cooperation between Cairo and Kiev in trade, investment and sectors of common interest,” Assistant Minister for Economic Affairs Ibrahim al-Seguiny said in a speech delivered on behalf of Minister of Trade and Industry Nevine Gamea.

The forum, she noted, represents a real opportunity to explore broader horizons to boost bilateral trade and investments, and lay the foundations for a serious partnership and constructive cooperation between Egypt and Ukraine.

The minister pointed out that there are ample opportunities to increase Egyptian exports to Ukraine, especially in agricultural products, ceramics, fertilizers, ready-made clothes among others.

Svyrydenko, for her part, said that Egypt is one of Ukraine’s top trading partners in Africa and the Middle East, being its gateway to Africa. She further expressed her country's keenness to strengthen cooperation with Egypt during the next period.

According to official figures, trade between Egypt and Ukraine has grown remarkably over the past years to over $1.6 billion in 2020, with exports to Ukraine rising by 47%, despite the pandemic’s fallout on the global economy.


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