The Egyptian pavilion displays products
of 41 companies in the fields of: engineering, chemicals, food, medical
industries, ready-made clothes, fertilizers, leather, autos and handicrafts.
Durban- Nov 15,
2021
Minister
of Trade and Industry Nevine Gamea has led the Egyptian delegation at the
opening of the second Intra-African Trade Fair (IATF), held in Durban, South
Africa, during the period from 15 to 21 November 2021.
The
event was organized by the African Export-Import Bank “Afrixim Bank”, in
cooperation with the secretariats of the African Union and the African
Continental Free Trade Area (AfCFTA), and was inaugurated by South African President
Cyril Ramaphosa, in the presence of 13 African leaders.
Gamea
pointed out that IATF was an Egyptian initiative, with Cairo hosting its first
edition in December 2018, which was organized by the Ministry of Trade and
Industry represented by the Export Development Authority in cooperation with Afrixim
Bank.
The
Egyptian pavilion, she added, displays products of 41 companies in the fields
of: engineering, chemicals, food, medical industries, ready-made clothes,
fertilizers, leather, autos and handicrafts.
“Egypt
is keen on enhancing its pivotal role in Africa by strengthening trade and
investment ties with its nations,” Gamea said, referring to the country’s remarkable
efforts to achieve economic integration, as well as comprehensive and
sustainable development on the Dark Continent.
Moreover,
the minister participated in a panel discussion, held on the sidelines of IATF,
on aligning the interests of the government and the private sector to boost
trade and investment among African countries, where she presented the various measures
taken by Egypt to enhance the private sector role as a major contributor to
development efforts.
According
to official data, Egyptian exports to African countries amounted to $4.8
billion in 2019, making up 16% of its total exports.