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Samir chairs 43rd COMESA ministerial meeting in Zambia
1 December 2022  -  Sector :  -  Entity :  -  Category : Trade News

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Current chair of COMESA, Egypt strongly believes economic integration is the sole path towards development, Samir says.

Zambia- Dec 1, 2022

Minister of Trade and Industry Ahmed Samir has presided over the 43rd Council of Ministers meetings of the Common Market for Eastern and Southern Africa (COMESA), held in Lusaka, Zambia, from 29 November to 1 December.

Over 200 delegates from the 21 member states, attended the event, whose “Building Resilience Through Digital Economic Integration” theme was motivated by the emerging regional and global economic challenges which have heavily impacted the bloc’s regional integration agenda.

“Egypt strongly believes in the COMESA regional economic integration as the sole path towards development and prosperity in its nations,” Samir said, stressing the country’s commitment to cooperating closely with other members to eliminate potential obstacles to this end.

He added that Egypt, as the current COMESA chair, works hard to boost its intra-trade, which amounted to $13 billion in 2021, through encouraging deeper cooperation among the region’s business communities.

According to official figures, Egypt-COMESA trade hit $4.2 billion last year, with Egypt’s exports at 2.8 billion, accounting for 22.5% of the bloc’s total intra-trade.

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