As US warships patrol near Venezuela, it exposes Latin American divisions    More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher    Egypt fast-tracks recycling plant to turn Suez Canal into 'green canal'    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    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.



Egyptian-Saudi Committee to meet mid-May in Riyadh: Kabil
The committee will discuss enhancing cooperation in trade, investment, consumer protection, customs, health, and transportation
Daily News Egypt Published in Daily News Egypt on 24 - 04 - 2017

Minister of Industry and Trade Tarek Kabil announced the joint Egyptian-Saudi Committee will meet in Riyadh mid-May. The meeting will follow up on the implementation of recent recommendations released in the 15th session of the committee, chaired by the two countries' trade ministers.
Kabil added that the meeting will discuss ways to enhance economic cooperation and increase the volume of trade exchange between the two sides. He pointed out that the meeting will address a number of economic files of common interest, including joint investment and exhibitions, and cooperation in the development of consumer protection, fisheries, food industry, medicine, health, and transportation.
The minister continued that he met with some Saudi officials on the sidelines of President Abdul Fattah El-Sisi's visit to Riyadh, where they discussed boosting intra-trade and removing obstacles facing investors. They also agreed on facilitating the procedures of holding exhibitions in both countries and develop the electronic connection to ease data exchange related to e-commerce between the two countries, especially the Egyptian agricultural exports to Saudi Arabia.
Kabil further added that the Rihadh meetings also reviewed ways of increasing Saudi investments in the Egyptian market, especially in light of the Egyptian government's efforts to eliminate obstacles facing foreign investors in Egypt.
He called on the Saudi side to encourage the Saudi business community to inject more investments in the Egyptian market to benefit from Egypt's engagement in free trade zone agreements, which allow exporting to more than 1.6 billion consumers with zero customs duties. The agreements include the Arab World, the USA, Turkey, the European Union (EU), the European Free Trade Association (EFTA), the Common Market for Eastern and Southern Africa (COMESA), and soon the Mercosur and the Eurasian Economic Union.
Kabil concluded that the Egyptian market has promising investment opportunities in many fields, including the food, construction, furniture, pharmaceutical and petrochemical, land reclamation, and energy.

Clic here to read the story from its source.