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Nassar discusses with Greek ambassador boosting economic cooperation
5 October 2018  -  Sector :  -  Entity :  -  Category : General

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The meeting covered preparations for the minister's expected visit to Greece to participate in the third round of the EU-Arab World Summit.

Cairo- Oct 5, 2018 Minister of Trade and Industry Amr Nassar held a meeting with Greek ambassador to Egypt Michael Christos to explore ways of pushing forward economic ties between both countries. The meeting also covered preparations for the minister's visit to Greece later this month to participate in the third round of the EU-Arab World Summit, set to take place in Athens on October 29. 

They also discussed creating business coalitions of Egyptian and Greek companies to set up joint ventures in third countries in the fields of: construction, transport, tourism, banking, medical industries, chemicals, food and furniture- especially that Greece can offer Egypt, its gateway to Africa, an access to Balkan countries.

Nassar  pointed out that trade figures between the two countries “do not reflect the great potential that such bilateral relations enjoy;” Egypt’s exports to Greece rose to $148 million and imports amounted to $173 million in the January-August period of 2018, data shows.

Greek investments in Egypt amount to $227.65 million dollars in 125 projects in finance, manufacturing, services, construction, tourism, agriculture, communications and IT.

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