23 September 2018 04:32 PM

Economic Relations

Monday، 16 November 2015 12:00 AM

During the visit of high-level Czech delegation to Egypt on 01/31/2016, headed by Foreign Minister, a protocol of cooperation between the Federation of Egyptian Industries and Czech Industries Federation was signed, aiming at exchanging experiences, promoting economic relations and increasing trade volume between the two countries.

Czech Foreign Minister met Minister of State for Military Production Mohamed el Assar, where they discussed strengthening the close cooperation between the two sides and the supply of some of the Czech defense equipment.

Czech exports to Egypt reached, by the end of November 2015, about 340.2 million dollars, while Egyptian exports to the Czechs reached about $ 71.7 million.

Trade volume (in million U$ Dollars) and change rate

Trade Figures

Change rate

Year

Egyptian Exports

Imports from the

Trade Volume

Annual

 Change Rate

Change Rate compared to base year

2004

20.665

69.228

89.893

 

 

2005

21.559

116.659

138.218

53.75 %

53.75 %

2006

22.580

155.151

177.723

28.58 %

97.71 %

2007

30.072

167.915

197.987

11.39 %

120.24 %

2008

40.383

231.188

271.56

37.16 %

202.09 %

2009

36.214

312.127

248.341

-8.5 %

176.26 %

The most important commodities of trade:

 

Key Export commodities from to the :

Cotton products, Fresh Produce, Textiles and Ready-made Garments, Aluminum, Rugs and Carpets, Machines and spare parts.

Key Import Commodities from the

Vehicles and spare parts, Iron and Steel Products, Machines and Equipment, Crystal Products, Medical Equipments for Hospitals, Veterinary Vaccines, Electrical Appliances, Boilers and Spare Parts.

Contractual Framework

  • Cultural Cooperation Agreement was signed on 19.10.1957 and entered into force on 24.03.1958. It is agreed on implementing its executive programs regularly.
  • Agreement on Establishing an Economic, Scientific and Technical Cooperation Committee was signed in 26.09.1964 and entered into force on 9.6.1965.
  • Agreement on Release of Personal Effects and Debt Settlement was signed on 18.1.1964 and entered into force on 18.11.1964.
  • Cooperation Agreement on Health Care was signed on 26.11.1964 and entered into force on 11.26.1964.
  • Scientific and Technological Cooperation Agreement was signed on 20. 2.1966 and entered into force on 28.04.1966.
  • Cooperation Protocol with the Radio and TV Union was signed on 19.2.1986 and entered into force on the same date.
  • An Air Transport Agreement was signed on 4.9.1991 and entered into force on 25.10.1992.
  • Scientific and Technical Cooperation Agreement between the two academies of scientific research was signed on 19.11.1993 and entered into force on the same date. It is agreed on implementing its executive programs regularly.
  • Agreement on Encouraging and Protecting Investments was signed on 29.05.1993 and entered into force on 5.6.1994.
  • Memorandum of Understanding on Consultation between the Foreign Ministries was signed on 29.05.1993 and entered into force on 5.6.1994
  • Agreement on Avoiding Double Taxation was signed on 19.1.1995 and entered into force on 4.10.1995.
  • Protocol on Cooperation between the Egyptian Institute for Diplomatic Studies and the Czech Academy was signed on 24.01.2000 and entered into force on 24.01.2000
  • Cooperation Agreement in the field of Veterinary Medicine was signed on 15.4.2000.
  • Agreement on the Exemption of holders of Diplomatic, Special, and Service passports from visas was signed on 24.01.2000 and entered into force on 22.04.2000.
  • Memorandum of Understanding on bilateral Cooperation in Tourism was signed on 7.4.2008 and entered into force on the same date.

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