Egypt is keen on strengthening
commercial and economic relations with all member states, Gamea said.
Cairo- November 10, 2020
The 11th Union for the Mediterranean (UfM) Trade Ministerial
Conference kicked off today by videoconference, co-chaired by the EU and
Jordanian UfM co-presidencies and with the participation of trade ministers
from UfM member states.
The main objective of the conference is to push forward regional
trade, in parallel with bilateral trade relations between the EU and other UfM
partners. It will also highlight the technical work over the last two years,
and explore further cooperation in several areas.
Among other topics, the meeting will deal with trade
barriers, trade agreement negotiations, the multilateral trading system, sustainable
development, and the fight against Intellectual Property piracy.
“Egypt is keen on strengthening economic
relations with all UfM countries, especially in light of the distinguished
relations with the European Union, its major commercial partner,” said Tarek
Shalaby, assistant minister for foreign trade, agreements and international relations,
in a speech delivered on behalf of Minister of Trade and Industry Nevine Gamea.
She stressed the importance of exerting more effort to
establish a regional trade area characterized by integration of markets and
availability of supply chains, in line with the current global trade trends.
“A vibrant regional
trade can notably play a vital role in post-COVID recovery
in our regions,” the minister noted.