There will be more coordination between the two countries to address the obstacles to Egypt-Ukraine trade, Kabil says.
Trade and Industry Minister Tarek Kabil held a meeting with Ukrainian First Vice Prime Minister and Economic Development and Trade Minister Stepan Kubiv, on the sidelines of the World Trade Organization's 11th Ministerial Conference, currently in session in Buenos Aires, Argentina.
The meeting discussed means of boosting economic cooperation between Egypt and Ukraine, as well as benefiting from Ukrainian expertise in many fields, especially in building grain silos in Egypt and producing pharmaceuticals to meet the needs of the Ukrainian market.
“There will be more coordination between the two countries in the near future to address the obstacles hindering Egyptian exports to Ukraine, hence, widening Ukraine’s trade surplus with Egypt,” Kabil noted.
He added that he had received an invitation to visit Ukraine next year to hold talks with senior officials and attend the Egyptian-Ukrainian Business Forum.
Kubiv, for his part, expressed his country's keenness on enhancing trade and investment cooperation with Egypt in the coming period.
According to official figures, trade exchange between Egypt and Ukraine hit $1.255 billion from January to June 2017, compared to $1.206 billion during the same period last year. Egypt's exports to Ukraine increased by 49.23% in the first half of 2017.
Egypt's main exports to Ukraine include: vegetables and fruits; notably oranges, potatoes and onions; pharmaceuticals; garments; polyethylene slabs, flat glass panels; and detergents.