19 September 2020 06:08 PM

Minister: Italian delegation to visit Egypt soon to probe industrial, trade partnerships

Friday، 31 July 2020 - 12:57 PM

Minister of Trade and Industry Nevine Gamea said a delegation from a number of top Italian companies is set to visit Egypt in the coming stage with a view to discussing the possibility of establishing industrial and trade partnerships with their Egyptian peers.

The Italian delegation members will target boosting cooperation between Cairo and Rome in the fields of leather, marble, spinning and weaving, Gamea said in a statement released Friday by the Ministry of Trade and Industry.

The Minister made the remarks during an expanded video-conference meeting with Italian Ambassador to Egypt Giampaolo Cantini, in the presence of head of the Italian Trade Agency in Cairo Francesco Pagnini and adviser to the trade minister for industry affairs Ahmed Reda.

The meeting touched on means of fostering economic, trade and industrial relations between Egypt and Italy in the current stage, the minister said, adding that she and the Italian ambassador have also reviewed the updates of development cooperation programs between the two countries in various fields.

Gamea noted that the volume of trade exchange between Egypt and Italy registered $1.827 billion during the first half of 2020, including $636 million of Egyptian exports and $1.191 billion of imports from Italy.

Meanwhile, the Italian ambassador asserted the strength of Cairo-Rome ties, describing them as ‘historical’ especially in the economic field.

He added that Italy is Egypt’s first trade partner in Europe and the fifth across the world.


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