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Kabil meets with Egyptian-Korean Business Council
6 December 2017  -  Sector :  -  Entity :  -  Category : General

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Egypt can be a base for Korean exports to regional and international markets, Kabil says.

"Having trade agreements with countries around the world, Egypt can be a base for Korean exports to regional and international markets," Kabil said.

The minister also highlighted the EKBC's important role in fostering bilateral economic relations, especially through exchanging business visits to promote investment opportunities available in both countries.

Official data show that South Korea has a significant trade surplus with Egypt, with bilateral trade hitting $1.437bln in 2016.

South Korean investments in Egypt are estimated at $445 mln in 171 projects in various fields, including: electronics, textiles, car parts, chemical industries, renewable energy, building materials and construction.

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