Gamea has opened the 132nd session of the Board of Directors
of the Federation of Arab Chambers, held at the headquarters of the Federation
of Egyptian Chambers of Commerce.
Cairo- Feb 22, 2022
Minister of Trade and Industry
Nevine Gamea has opened the 132nd session of the Board of Directors of the
Federation of Arab Chambers (UAC), held at the headquarters of the new
Federation of Egyptian Chambers of Commerce (FEDCOC), in the presence of President
of the UAC Abdullah al-Mazrouei, Secretary-General Khaled Hanafi, FEDCOC First
Vice-President Mohamed al-Masry and Secretary-General Alaa Ezz.
Gamea stressed the importance of
the private sector as a strategic and basic partner
for economic development plans in Arab countries, noting its pivotal role in
linking business strategies to sustainable development in the Arab world, developing a
circular and participatory economy, and strengthening regional supply
chains through projects.
“Egypt has taken great steps
towards deepening local manufacturing, increasing export rates, and enhancing
the added value of its exports on global markets,” she said.
The minister pointed out that
Egyptian non-oil exports grew significantly in 2021 to $32.13 billion, up 27%
from $25.43 billion a year earlier, noting that trade between Egypt and the
Arab world increased by 18% and Egyptian exports to Arab markets amounted
to $9.547 billion, making up 30% of the
country’s total exports.