Gamea discusses with head of the Agadir Technical
Unit ways of boosting intra-trade among member countries.
Cairo- Jan 29, 2020
Minister of Trade and Industry Nevine Gamea has met
with Youssef Trifa, the executive president of the Agadir Technical Unit, where
they explored means of boosting intra-trade among the Agadir member states and
increasing their exports to other markets across the globe.
The meeting also discussed preparations for the
upcoming meeting of the trade ministers of Agadir Agreement countries, to be
held in Tunisia next year.
Gamea highlighted the importance of enhancing
cooperation among the agreement members in developing small and medium size
enterprises, benefiting from Egypt’s expertise in this field.
“More work needs to be done to boost the volume of the
Agadir intra-trade which amounted to $1.956 billion in 2019, up 6.7% from a
year earlier,” Gamea said, noting that Egypt’s exports to these markets grew
10% to reach $1.543 billion in the same year.
for his part, pointed out that a large number of projects of regional
cooperation are underway in various fields, within the Agadir Agreement, knowing
that 30% of the trade exchanges between Egypt, Jordan, Morocco and Tunisia take
place within the agreement.