18 September 2018 05:57 PM

Economic Relations

Monday، 14 December 2015 12:00 AM

The following table shows the trade balance between the two countries during the last five years, figures in million U.S dollars.

 

Year

Egyptian Imports

Egyptian Exports

2004

0.68

9.12

2005

1.02

34.17

2006

0.46

2.08

2007

0.95

50.5

2008

2.77

15.13

2009

3.12

12.78

A delegation from Egypt Air visited Abidjan in June 2010 for the preparation of the final arrangements for the continuation of direct flight route between Cairo and Abidjan, which was suspended in 2004 view of the internal crisis in Cote d'Ivoire at the time.

Nasr Company for Import and Export

Al Nasr Company for import and export is one of the first companies that have worked in Cote d'Ivoire after independence; its presence in Côte d'Ivoire goes back to the mid-sixties of the last century. Despite the international and regional economic variables as well as the strong competition from European and Chinese products in the Ivoirian market, the company still plays an important role in the conclusion of business deals between the two countries. The value of transactions that have been held by the company in 2009 reaches nearly four million dollars in the form of Egyptian exports, the most important of which is cement, glucose, household appliances , air conditioners, refrigerators, edible oils.

Arab Contractors

The Arab Contractors is currently in the process of constructing the Project known as "The Jacque Ville Bridge"; President Gbagbo laid the foundation stone for this project on the 8th of July, 2009 in the presence of the Egyptian Ambassador, and the chairman of the Egyptian company. The project is one of the most important strategic projects in Cote d'Ivoire, expected to lead to an economic boom in the areas surrounding it as it links the city of Jaqueville and the economic capital Abidjan, 571 kilometers in total length, with an estimated cost of sixteen billion CFA francs (about $ 37 million). The project is financed the Arab Bank for Development in Africa 33.88% and the Bank of West Africa for the development 33.35% and the OPEC Fund by 27.38% and the Ivorian Government by 5.84%. The project is expected to be inaugurated on July 2011.

Contractual Framework

• Commercial cooperation agreement signed in June 1968 in Abidjan, and entered into force on the date of signature.
• Agreement to activate air transport, signed in November 1968 in Abidjan, and entered into force on the date of signature.
• Treaty of Friendship and Cooperation signed on January 1985; documents of ratification were exchanged in January 1987, during the visit of Mr. Boutros-Ghali (Minister of State for Foreign Affairs at the time) to Abidjan.
• Agreement on cultural and technical cooperation signed on January 1985 Agreement for Technical Cooperation between the governments of Egypt and Côte d'Ivoire, signed by the foreign ministers of the two countries in Abidjan in March, 1998 and entered into force on the date of signature.
• Protocol on cooperation in the field of health signed in July, 2002 during the visit of Egyptian Minister of Health to Abidjan and entered into force on the date of signature.
• Memorandum of understanding for cooperation between civil aviation authorities between the two countries signed in March 2009.


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