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Gamea, German ambassador discuss further cooperation
21 July 2020  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting explored preparations for the Sixth Round of the Egyptian-German Economic Committee, among other issues.

Cairo- July 21, 2020

Minister of Trade and Industry Nevine Gamea has had a virtual meeting with German Ambassador to Egypt Cyrill Nunn, where they discussed the future of economic cooperation, German investments in Egypt and other issues of mutual interest.

The meeting also explored means of benefiting from German expertise and high tech to develop the country’s industrial sector, important driver of economy.

“There are ample investment opportunities for German business circles in the industrial and services sectors,” Gamea said, stressing the government’s keenness to streamline investment procedures and eliminate possible obstacles.

Moreover, the two sides reviewed preparations for the Sixth Round of the Egyptian-German Economic Committee, which will discuss boosting mutual cooperation at the government and private sector levels.

According to official data, Egypt-Germany trade hit $2.111 billion during the first half of the year; Egyptian exports to Germany amounting to $290 million and imports $1.821 billion.

Egypt’s top exports to the EU country include: construction materials, agriculture crops, ready-made garments, chemicals, fertilisers, and food industries; while engineering, electronic and medical products are among its main imports from Germany.

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