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Gamea, Malaysia minister of plantation industries discuss boosting bilateral cooperation
6 July 2021  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting discussed cooperation in the manufacture of palm oil, as well as timber and rubber industries.

Cairo- July 6, 2021

Minister of Trade and Industry Nevine Gamea has met with Muhammad Khairuddin Bin Aman, the Malaysian minister of plantation industries and commodities, and his accompanying delegation currently visiting Egypt to meet with senior officials for cooperation talks.

The meeting explored the country’s development plans and the national projects implemented by the government. It also discussed cooperation in the manufacture of palm oil, as well as timber and rubber industries.

The two ministers  agreed to form a working team from both sides, in coordination with the Egyptian Commercial Office in the Malaysian capital Kuala Lumpur, to follow up on mutual cooperation issues and prepare a framework memorandum of understanding specifying areas of joint cooperation during the coming period.

According to official date, Egypt-Malaysia trade amounted to $503 million in 2020; goods exchanged between the two countries include: vegetables, fruits, herbs, spices, phosphates, fertilizers, chemicals, palm oil, petroleum and mineral oils, rubber and yarn.

Malaysian investments in Egypt stand at $60 million in 26 companies operating in the fields of oil, gas, electricity, contracting, trade, tourism and information technology.

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