Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    SCZONE signs $52.6m textile industry deals during China investment tour    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    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    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    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.



Egypt seeks manufacturing, trade cooperation with Arab, Turkish partners
Published in Daily News Egypt on 25 - 02 - 2024

Minister of Trade and Industry Ahmed Samir called on the business community in Arab and Turkish countries to use their strong political ties to boost economic cooperation in various sectors, such as joint manufacturing, integration of inputs, bilateral trade, transportation and logistics, agriculture and food production, and energy networks.
He also urged them to link their industries to achieve industrial integration and increase their local content to access regional and global markets, especially in light of the disruptions in global supply chains caused by the coronavirus pandemic, the Russo-Ukrainian war, and other recent events.
Samir made these remarks at the opening session of the Fifth Joint Meeting of Arab and Turkish Chambers, hosted by the General Union of Egyptian Chambers of Commerce in Cairo under the theme "Together for Joint Manufacturing and Tripartite Cooperation." The meeting aimed to discuss ways to promote development for the peoples of Arab and Turkish nations in this critical stage of the global economy.
The meeting was attended by Ahmed El-Wakil, President of the General Union of Egyptian Chambers of Commerce; Rifat Oğul, President of the Union of Chambers and Commodity Exchanges of Türkiye; Samir Abdullah Nass, President of the Federation of Arab Chambers and President of the Bahrain Chamber of Commerce and Industry; and Khaled Hanafi, Secretary-General of the Federation of Arab Chambers, as well as several heads of industrial chambers and business leaders from Arab and Turkish countries.
Samir highlighted the opportunities presented by the New Suez Canal Axis, the Golden License, and the state ownership policy for attracting investments in Egypt, and praised the recent momentum in relations between Egypt and Türkiye, which culminated in President Recep Tayyip Erdoğan's visit to Egypt after a decade of diplomatic estrangement.
Samir praised the growth of economic relations between Egypt and Türkiye, despite the diplomatic estrangement that lasted for a decade. He said that Türkiye is the main destination for Egyptian exports and a major source of investments for exporting to various countries worldwide, thanks to Egypt's relative advantages and diverse industrial base, supported by its strategic location and multimodal transport facilities.
Samir urged the Arab and Turkish chambers of commerce to take advantage of the opportunities offered by the New Suez Canal Axis, the Golden License, and the state property policy. He said that the state will privatize many sectors in the next three years and will partner with investors through various mechanisms, as well as stabilize investments in other sectors, opening the door for local, Arab, and foreign investment.
He also stressed the importance of the alliance in the reconstruction of Africa and sister countries like Iraq and Libya, by using the expertise of Egyptian companies in electricity, roads, ports, and the development of 22 new fourth-generation cities and the reclamation of one and a half million feddans. He noted that Türkiye is one of the world's leading countries in contracting, and Arab countries have many giant companies in this field.


Clic here to read the story from its source.