virtual meeting explored expanding bilateral cooperation in various fields,
including trade and industry.
Cairo- Dec 26,
of Trade and Industry Nevine Gamea has held a virtual meeting with Yeo Han-koo,
the South Korean trade minister, to discuss strengthening bilateral cooperation
in various fields including: the localization of electric vehicles in Egypt, access
of agricultural exports to the Korean market, in addition to energy,
environment, industry and training.
is keen to further deepen its economic ties with South Korea, which have
witnessed unprecedented progress over the past years,” Gamea said, noting that South
Korea is one of Egypt’s top trading partners in East and South Asia.
for his part, lauded the fruitful economic reform program Egypt is implementing,
which led to a positive growth rate of 3.6% amid the Covid-19 global crisis.
to official figures, Egypt-South Korea trade grew 46.9% to reach $1.89 billion
during the first 10 months of the year, up from $1.286 in 2020. Egyptian
exports to the Asian market amounted to $531.5 million, up 62.3% from a year
main goods exchanged between the two countries include: petroleum products,
cement, marble, granite, aluminum, pharmaceuticals, linen, ready-made garments,
autos, machinery metro cars and medical equipment.