16 January 2018 07:09 PM

Economic Relations

Thursday، 29 October 2015 12:00 AM

Belgium ranks 24th among countries with the largest Foreign Direct Investment (FDI) contributions to Egyptian economy.

The visit of H.R.H Prince Philippe at the head of commercial and businessmen delegation constituted a new era in Egyptian-Belgian relation's position as an emerging market in the that could become an investment hub for the region and the numerous business undertakings between the business communities in the two countries.

Trade flow during the period (2006-2009) Million €

ItemYear   2007 2008 2009
EgyptianExports 397 350 550 213.8
EgyptianImports 486 564 783 732.5
TradeVolume 883 914 1333 946.3
Trade Balance  -89 -214 -233 -518.7

Top 10 Egyptian Exports to Belgium

Product 2009 % Of total in 2009
Turbojets and Other Gas Turbines 147 20.1%
Pharmaceutical Products 107 14.6%
Iron and steel and its Products 80.6 11%
Plastic 72.9 10%
Organic Chemical 61.3 8.4%
Electrical Machinery 29.4 4%
Optical 17.6 2.4%
Vehicles 15.8 1.2%
Dairy Products 13.2 1.8%
Preparation of Cereals 11.3 1.5%
Total Top Products 556 76%

 

 

 

 

 

 

 

 

Top 10 Egyptian Imports from Belgium

Product 2009 % Of total in 2009
Turbojets and Other Gas Turbines 147 20.1%
Pharmaceutical Products 107 14.6%
Iron and steel and its Products 80.6 11%
Plastic 72.9 10%
Organic Chemical 61.3 8.4%
Electrical Machinery 29.4 4%
Optical 17.6 2.4%
Vehicles 15.8 1.2%
Dairy Products 13.2 1.8%
Preparation of Cereals 11.3 1.5%
Total Top Products 556 76%

 

 

 

 

 

 

 

 

Investment

Total Investments in (29/12/2009) L.E. 607 Million L.E. in 125 Inland Projectsand Projects in FreeZones.
Main investmentsectors Industrial (building materials – food industry-chemicals- engineering- mineral products- pharmaceuticals – (agriculture- finance- services- constructionstourism.
Main InvestingCompanies El Massria for Cementproduction Accorhotels Best of for dairyproducts Shrieder for lightingequipments Ezz for flat SteelSolvay
Ranking among the investingcountries 8th among EU countries in inland investments and 5th  in Free Zones.

Contractual framework

Agreement Date of entry intoforce
Egyptian-European Association Agreement signed on 25/6/2001 6/2004 Trade provisions enteredinto force as of January 1 2004.
Protocol to theAssociation Agreement to take account of the accession of the new EU memberstates (Romania Bulgaria) Signed on 26/11/2007
Agreement on  promotionand protection of investments Signed on 28/2/1999
Agreement on Avoidanceof  double taxation Signed on 3/1/1991
Agreement on Economic,Industrial and Technical cooperation Signed on 11/12/1979

 

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