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Talks covered developments in establishing Egyptian industrial zone in Sudan, re-operating Egyptian Commercial Center in Khartoum
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African Continental Free Trade Area (AfCFTA) will help the continent import and export easily, despite its commencement facing some challenges
Egypt’s trade deficit decreased by 28.8% to $2.9bn during October 2020, versus $4.1bn for the same month of previous year, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Egypt’s Minister of Finance Mohamed Maait has reviewed the results of recent joint meetings to discuss reinforcing transit trade for Sudanese goods through Egyptian ports.
Egypt’s Minister of Trade and Industry Nevine Gamea held a digital meeting with President of African Export and Import Bank (Afreximbank) Benedict Oramah
The Internal Trade Development Agency (ITDA) and The Sovereign Fund of Egypt (TSFE) have signed a cooperation protocol to encourage private sector participation in the agency’s investment opportunities.
Egyptian imports decreased by 21.3% to $5bn in September 2020, versus $6.4bn in September 2019, which led to the decline in Egypt’s trade deficit
The results, issued on Monday to mark Egyptian President Abdel Fattah Al-Sisi’s visit to France, reflect a significant decline compared to 2019.
Trade agreement highlights strength of UK-Egypt partnership, reflects shared ambition, says British Foreign Secretary Dominic Raab
Madbouly said Egypt is keen to strengthen relations with African countries, and increase trade exchange across the continent to achieve mutual benefit for all parties involved.
‘Egypt is UK’S gateway to Africa, and we will continue to prioritise our trade and investment commitments with Egypt,’ Donaldson says
Madbouly said that Africa has become one of the most important destinations for international companies and financial institutions.
A CAPMAS report issued on Tuesday added that Egypt’s exports declined by 9.4% to $1.91bn during August 2020, versus $2.11bn for the same month of previous year.
The MoU’s signing took place on the final day of the virtual Economic Forum of Brazil and Arab Countries, which took place from 19 to 22 October. It was organised by the ABCC in partnership with the Arab League and the Union of Arab Chambers.
Platform offers definitive list of market opportunities from variety of official sources
The value of the trade deficit amounted to about $2.28bn in July 2020, compared to $4.73bn in the same month of the previous year.
Further concerns have been raised regarding the cancellation of pre-existing orders due to the measures Kenya has imposed, namely the non-preferential customs duties that are applied on COMESA origin goods.
Both countries to discuss local manufacture of COVID-19 vaccine
Egypt sees trade deficit of $3.30bn in June 2020
Though it is a big dream to reach $100bn of exports, Egypt has carried out recently some mega projects that seemed very difficult at the beginning to be fulfilled
Russia has adopted similar positions to Egypt regarding Libyan and Syrian conflicts
This high level of trade exchange means Egypt is one of Indonesia’s main commercial partners, Fawzy said. He added that Egypt acts as a pivotal gateway for Indonesian products moving into Africa.
The report, issued on Wednesday, noted that the country’s trade deficit stood at $2.59bn during May 2020, down the $4.05bn in May 2019
Kenya, Mauritius, Namibia and South Africa are only countries where share of internet shoppers tops 8%, the trend is below 5% in most other African countries
Decline attributed to decreased value of some commodities, including fertilisers, petroleum products, and assorted edibles
The March 2020 figures compare to the $4.38bn reported in the same month of the previous year, marking a decrease of 38.6%.
Factories to be given approval in 24 hours manufacture fabric masks, says Ghazi
Egypt’s exports rise by 3.3% to $2.69bn in same month