21 May 2019 09:17 AM

Egyptian-Chinese Investment Exhibition is opportunity for boosting joint cooperation

Friday، 16 November 2018 - 12:12 PM

Trade and Industry Minister Amr Nassar said the Egyptian-Chinese Trade and Investment Exhibition and Conference represents a real opportunity for boosting joint cooperation between Cairo and Beijing at trade and investment levels.


The exhibition backs the strategic dimension of bilateral relations and reflects the recognizable economic development of the joint Egyptian-Chinese relations at bilateral and regional levels.


Nassar said the economic cooperation between both countries represents the key pillar of joint cooperation, highlighting that China is Egypt’s first trade partner in the world and the fourth on the level of the African continent.


This came in the minister’s speech while inaugurating the two-day exhibition that is currently held in Cairo on the behalf of Egypt’s Prime Minister Moustafa Madbouli.


The past four years have witnessed a great leap with respect to the development of Egyptian-Chinese relations, Nassar asserted.


Nassar pointed out that the volume of trade exchange between both countries hit about 11 billion dollars in 2017, citing that 1,079 Chinese companies are working in Egypt in various fields and investment sectors.


The exhibition groups huge numbers of the major Chinese companies operating in the Egyptian market, Nassar said, adding that it represents a forum for the major Chinese firms to get aware of the benefits that the Egyptian market offers in various industrial domains.


He called on the Chinese companies to enter the Egyptian market and make use of the benefits it offers.


He thanked the Egyptian Chinese Trade Center for organizing this important exhibition which reflects the keenness

of the Chinese side on promoting the joint trade and economic frameworks.


He highlighted that the event is consistent with what President Abdel Fattah El Sisi agreed on with his Chinese counterpart Xi Jinping during September summit talks.



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