EGP nudges higher vs. USD in early Thursday trading    Global electricity demand to surge through 2026 – IEA    Japan's c. bank holds key interest rate    Egypt, US FMs discuss Gaza crisis, Nile water security    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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 Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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    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.



Brexit will not negatively affect Egypt, UK trade relations: Donaldson
Current trade relations between Egypt and the UK will not worsen, but improve, says UK trade envoy
Published in Daily News Egypt on 17 - 07 - 2016

Britain's exit from the European Union will not affect trade relations between Egypt and the United Kingdom, Jeffrey Donaldson, the trade envoy of the British prime minister, said in a press release issued by the Council of Ministers on Sunday.

The press release follows a meeting that was attended by several Egyptian ministers and Egyptian business leaders as well as the CEO of UK credit bureau Export Finance, Louis Taylor.

Taylor said that Britain is ready to provide the proper amount of investments for a number of British projects in Egypt, especially in renewable and non-renewable energy, gas, oil, chemicals, and transportation. Egyptian Prime Minister Sherif Ismail welcomed the statement, adding education to the list of sectors.

Ismail also said that Britain's cooperation with Egypt in revising the scanning process inside Egyptian airports has been beneficial, and that removing the obstacles hindering investors is an important task that the government is looking into.

In another statement, Taylor said that the ongoing project of establishing "El Monoreel" train is currently one of the most important projects available for investment in Egypt, and that it being environment-friendly is a plus. In a press release issued by the British embassy, Taylor added that the UK is a "global leader" in transport and infrastructure, for which Egypt has a great demand.

Donaldson said in the embassy's press release that many British companies want to "do business in Egypt, and their interest highlights the significant opportunities that are available across a range of Egyptian commercial sectors".
Taylor promised in the embassy's press release that UK Export Finance "can underwrite prospective UK-Egyptian trade deals with up to £500m in financing or insurance". With this amount of investments, Egypt will have access to "world-class" goods and services that British companies provide, Taylor added.
According to the embassy's press release, British ambassador John Casson said that the UK is "committed to helping Egypt build a strong, dynamic economy that provides jobs and opportunities for all Egyptians".
Casson added that the current trade volume between Egypt and the UK has exceeded £1.5bn, making it one of the main foundations of Egyptian-British relations.
The ministers of trade and industry, military production, investment, and petroleum also participated in the meeting.


Clic here to read the story from its source.