22 September 2018 05:19 PM

Economic Relations

Tuesday، 10 November 2015 12:00 AM

The fact that Ireland is a small market and that its industries are mostly export-oriented provides a great opportunity for Egypt to promote its products there.

Major Egyptian exports to Ireland:

Textiles – fruits & vegetables - footwear – furniture – leather – sanitary ware – metal works – building and construction materials - plumbing and electrical fittings

Major Irish exports to Egypt

Livestock - consumer goods – bio-chemical substances – office equipment – electronic data gathering equipment – dairy products

Trade exchange between Egypt and Ireland in the period from January to August 2006 was estimated at €56, 318 million, of which €42,977 million represented Egyptian imports from Ireland; €13,341 million Egyptian exports.

Imports from Ireland in 2005 stood at €53,840 million as against €42,977 million in 2006 (January to August); exports in 2005 were valued at €22,395 million as compared to the 2006 figure of €13,341 million.

Prevention of double taxation

Negotiations for an agreement on the prevention of double taxation have concluded.

Investments

- An agreement was signed in 2003 between International Development Ireland Ltd (IDI) and the Gulf of Suez Authority on the establishment of a Special Economic Zone at the Gulf of Suez. The agreement appoints IDI as the external advisers on the establishment of the Special Economic Zone.
- The General Authority for Investment and Free Zones (GAFI) hired Fleishman-Hillard (FH) for communications, PR, and media relations to promote Egypt as a viable investment destination.

 

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