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Nassar, Japan’s ambassador explore future of economic cooperation
20 June 2019  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting explored means of attracting more Japanese investments to the local market and supporting existing ones.

Cairo- June 20, 2019

Minister of Trade and Industry Amr Nassar has met with Japanese Ambassador in Cairo Masaki Noke, where they discussed boosting economic cooperation between the two countries in the coming period.

The meeting also explored means of attracting more Japanese investments to the local market. “We are keen to offer all support to Japanese businesses operating in Egypt,” Nassar stressed.

The minister pointed to Egypt’s participation in the upcoming G20 summit, to be held in Osaka at the end June, while being current chair of the African Union.

For his part, Noke lauded the economic reforms recently implemented by the government, which he said would greatly encourage Japan’s business community to inject new investments into the Egyptian market and expand existing ones.

Official figures show that Egypt-Japan trade witnessed a remarkable leap in 2018, rising 30.5% to $1.265 billion, compared to $969 million a year earlier.

Top Egyptian exports to the Japanese market include: oil, ready-made garments, carpets and cotton; while cars, tractors, machinery, electrical appliances, iron and steel, and plastic are the most important Egyptian imports from Japan.

 

 

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