The meeting explored means of
enhancing mutual cooperation between Egypt and India.
Nov 6, 2019
Minister of Trade and Industry Amr Nassar has held a meeting with his
Indian counterpart Hardeep Singh Puri, Minister for Housing, Urban Affairs,
Civil Aviation, Commerce and Industry; in the presence of Ambassador of India to Egypt Rahul Kulshreshth,
and Head of the Egyptian Commercial Service Office (ECS) Ahmed Antar.
Nassar confirmed that there are great opportunities to develop and
reinforce the joint economic cooperation between Egypt and India, especially in
the industrial field, in light of the enormous abilities and capabilities owned
by the two countries.
this context, he referred to the Egyptian attempt
to benefit from the Indian experience in the field of manufacturing,
engineering components, especially cars and electric public transport.
is a consensus between the Egyptian and Indian governments to achieve a
qualitative change in the level of the mutual economic relations during the
coming stage,” he added.
pointed out that trade between Egypt and India reached $4.5 billion last year,
including $1.7 billion Egyptian exports and $2.8 imports, stressing the need to
exert more effort to achieve a balance in trade between the two countries.
this regard, the minister highlighted the importance of benefiting from the
African Continental Free Trade agreement, indicating that the agreement opens
new markets for Egyptian exports in the African continent, which has a local
output of $2600 dollars and has a huge market of 1.2 billion consumers.