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Gamea takes part in opening of Union of Arab Chambers’ 132nd session in Cairo
22 February 2022  -  Sector :  -  Entity :  -  Category : Trade News

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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.

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