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Trade minister, Italy’s ambassador discuss further cooperation
2 November 2022  -  Sector :  -  Entity :  -  Category : General

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The meeting has discussed boosting cooperation in the leather, marble and furniture sectors, as well as the launch of a shipping line between Egypt and Italy.

Cairo- Nov 2, 2022

Minister of Trade and Industry Ahmed Samir has met with Michael Caron, the Italian ambassador in Cairo, to explore means of fostering economic cooperation between the two countries. Director of the Italian Agency for Development Cooperation (AICS) Martino Melli attended the meeting.

The two sides discussed deepening cooperation in the leather, marble and furniture sectors, as well as the upcoming launch of a maritime line between Egypt and Italy to boost mutual trade and investments.

“The government stands ready to support Italian companies operating in the local market and eliminate all obstacles hindering production,” Samir said, referring to the Robbiki leather city, one of the key joint cooperation projects.

He further invited Italian businesses that were forced to halt production completely or partially due to the recent energy crisis to go into partnerships with Egyptian counterparts, through manufacturing either in Italy or Egypt and exporting to MENA markets.

According to official data, Egypt-Italy trade hit $3.29 billion in 2021- Egypt’s export worth $1.442 billion. Italy is one of the top investing countries in Egypt, with investments estimated at $1.707 billion in April and 1,233 firms working in the fields of industry, agriculture, tourism, services, construction and IT.

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