SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    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.



Italy vows support to Egypt's internal trade development: El-Moselhy
Re-operating the maritime line between Alexandria and Venice soon, says Hisham Tawfik
Published in Daily News Egypt on 19 - 12 - 2019

Italy offered to support Egypt in implementing its national internal trade development strategy, the Minister of Supply and Internal Trade, Ali El-Moselhy, said during the inaugural session of the 2nd Italian-Egyptian Economic Forum held on Wednesday.
The forum is held on 18-20 December with the participation of about 13 companies. It includes workshops and B2B meetings between both sides for boosting joint cooperation.
The Italian delegation participating in the forum met with Egypt's Prime Minister Mostafa Madbouly on Wednesday morning, when he reassured his praise of Egypt-Italy deep relations, stressing that Rome is one of the most important partners to Egypt.
Italy is one of the top seven partners to Egypt with great contribution to developing the Egyptian economy, El-Moselhy mentioned.
"We invited the Italian delegation for the second Italian-Egyptian forum in Cairo after the success of the first edition in Napoli, Italy."
Egypt's economic reforms have encouraged foreign investors, including the Italians, to inject new investments in the Egyptian market, El-Moselhy added, noting that the Egypt has the fastest growing economy in Africa and one of the most promising in the world, with a 6% GDP growth in the fiscal year 2019/20.
The Central Bank of Egypt's foreign reserves are high, and the unemployment and inflation are declining, El-Moselhy stated. He added that Egypt continues to implement its reforms guided by political leadership's directives that pay great attention to improving the business environment and protecting intellectual property rights.
The Egyptian government is keen on facilitating foundation procedures of new companies in order to attract more foreign direct investments to the country. El-Moselhy said that Egypt is the Northern gate for Africa while Italy is an important partner from Europe.
Egypt is teeming with potentials after concluding free trade agreements with several African countries, El-Moselhy added, pointing out that the forum will witness intensive discussions between Italian and Egyptian companies to benefit from those agreements.
Moreover, Minister of Trade and Industry Amr Nassar said the forum is a real opportunity to discuss future cooperation between both sides, stressing the private sector's key role in supporting both economies to make full use of available investment and trade opportunities.
Egypt and Italy enjoy a long-standing business cooperation especially in the field of solid waste management and trade, Nassar mentioned, asserting that his ministry will boost its manufacturing cooperation with Africa that will positively reflect on the continent's relations with its foreign partners including Italy.
Additionally, Minister of Public Enterprise Sector Hisham Tawfik said his ministry is keen on boosting the transportation cooperation with Italy through re-operating the maritime line between Alexandria and Venice that deputed in 2008 by Gosoor (Bridges) project, adopted by the ministry to enhance foreign trade between Egypt and Eastern and Central African states. Tawfik said Gosoor will complete its initial services by mid-2020.


Clic here to read the story from its source.