The meeting explored means of
attracting more Japanese investments to the local market and supporting
Cairo- June 20,
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.
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,”
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.
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.
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.
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.