NDB expands to 11 members, raises $16.1bn in 2024, says Rousseff    Egypt, Somalia leaders discuss strategic partnership, counterterrorism in New Alamein    Egypt, UNDP discuss expanded cooperation on medical waste management, human development    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    EGX closes mixed on July 7th    Gold retreats as investors await tariff clarity    Egypt, UNDP discuss future health projects – Cabinet    Egypt calls for stronger central bank cooperation, local currency use at BRICS summit    Egypt's PM, Uruguay's president discuss Gaza, trade at BRICS summit    Egypt's Talaat Moustafa Group H1 sales jump 59% to EGP 211bn    Egypt, Uruguay eager to expand trade across key sectors    Egypt accelerates coastal protection projects amid rising climate threats    Deadly Israeli airstrikes pound Gaza as Doha talks raise hopes for ceasefire    Egypt, Norway hold informal talks ahead of global plastic treaty negotiations    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



ERBC Seeks To Diversify Products Exported To Russia
Published in Amwal Al Ghad on 23 - 04 - 2015

The Egyptian Russia Business Council (ERBC) is seeking to diversify the products exported to Russia and to solve the problems faced in exporting such products, Secretary General of ERBC Alaa Ezz told Daily News Egypt.
"The majority of the products currently exported are agricultural ones," Ezz said, adding that "Russia has been ignored when it comes to diversifying, so we need to increase the product mix".
During the 2013/2014 fiscal year, the Agricultural Products Export Council's (APEC) exports to Russia amounted to $310m. Approximately 250 Egyptian companies are exporters to Russia.
Earlier this week, Ezz announced that the council wished to increase the products imported and attract new investments in Egypt.
On the quantity the council is targeting, Ezz said that the goal is "not to target a specific figure", but rather improve the state and variety of the already exported products.
"We need to solve the logistical problems encountered by the exported products," Ezz said, highlighting that the problems of "customs and inspections face Egyptian exported products".
Last February, Russian President Vladimir Putin visited Egypt. During his visit, Putin announced that the two countries seek to cooperate in the infrastructure, automotives and chemical industries fields. This comes alongside efforts to strengthen tourism, educational and scientific exchanges, and investments in energy and gas.
Over 300 Russian companies are operating in Egypt for investment purposes, with bilateral trade between Egypt and Russia registering $4.5bn in 2014, increasing by 50% compared to 2013.
Source: Daily News Egypt


Clic here to read the story from its source.