China's WINPEX to establish $15m lighting equipment plant in Ain Sokhna    Egypt, Algeria sign wide-ranging cooperation agreements    Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations    Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank    Egypt expands rollout of Universal Health Insurance    Egypt's Al-Sisi links national progress to strict law enforcement, says society has role in reforming legal application    Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report    China invites Egypt to join African duty-free export scheme    Maersk to resume Suez Canal transits in early December after strategic deal    Gold prices climb on Wednesday    Oil prices edge higher on Wednesday    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China invites Egypt to join African duty-free export scheme
Published in Amwal Al Ghad on 26 - 11 - 2025

Egyptian Prime Minister Moustafa Madbouly met Tuesday with Mu Hong, Vice-Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), in a push to deepen bilateral relations and economic cooperation.
During the meeting, Mu invited Egypt to join a Chinese initiative granting duty-free access for exports from 53 African countries, highlighting opportunities to expand trade between the two nations.
Madbouly welcomed the initiative, emphasising Egypt's long-standing diplomatic ties with China, which began in 1956, and noting that next year will mark the 70th anniversary of relations. He reaffirmed Egypt's support for China's "One China" principle and expressed appreciation for Beijing's backing of Egypt's water security efforts.
Bilateral relations have advanced steadily in recent years. In 2014, Egypt and China elevated their ties to a comprehensive strategic partnership during President Abdel Fattah El-Sisi's first visit to Beijing. Last year, the two countries celebrated the tenth anniversary of that partnership.
The Prime Minister highlighted Chinese companies' involvement in major Egyptian projects, including the New Administrative Capital business district, Alamein Towers, and the light electric train project. He welcomed increased Chinese investments, particularly in the TEDA industrial zone in the Suez Canal Economic Zone (SCZONE), and praised cooperation in renewable energy, desalination, and technology sectors.
"We place great importance on Chinese firms collaborating on priority projects and are ready to provide full support to companies using Egypt as a gateway to Africa, the Arab world, and Europe," Madbouly said. He also noted investment opportunities in electric vehicles, electronics, home appliances, and renewable energy production.
Mu reiterated China's commitment to deepening economic, trade, and investment cooperation. He added that China is eager to align its Belt and Road Initiative with Egypt's Vision 2030 and is ready to collaborate on infrastructure, renewable energy, and industrial development.
China announced in June that it will exempt all imports from African countries with which it maintains diplomatic relations from customs duties. In a letter to African foreign ministers attending a follow-up Forum on China-Africa Cooperation (FOCAC) meeting in Changsha, President Xi Jinping said the 53 African nations with formal diplomatic ties to China would receive "zero-tariff treatment for 100 per cent of tariff lines."
No implementation date has been announced, but the initiative marks a sharp contrast to the protectionist trade policies of the United States under President Donald Trump. Economists say it offers African countries an alternative to existing trade frameworks such as the US-backed African Growth and Opportunity Act (AGOA) and the European Union's Economic Partnership Agreements (EPAs).
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser


Clic here to read the story from its source.