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Gamea heads Egypt delegation at South Africa’s IATF opening
15 November 2021  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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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.

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