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Egypt`s trade exchange with Japan increased by $1.2 bln

Thursday 20/June/2019 - 12:21 PM
A ship carrying Japanese
A ship carrying Japanese goods
Translated by: Ahmad El-Assasy
Egypt`s Ministry of Trade and Industry announced Thursday that the trade exchange between Egypt and Japan rose by 30.5% last year، an increase of $ 1.265 billion ، compared to about $ 969 million in 2017.

The ministry said that the government is keen to provide support to Japanese companies operating in the local market in order to attract more Japanese investments.

The Japanese investments help the Egyptian market to benefit from the available investment opportunities thanks to the country's distinguished position as a strategic hub as a gate for the Arab and African markets، the ministry added. 

It pointed out that the strong relations between the private sector in Egypt and Japan are important to establish partnerships that pave the way for the start of a new phase of Egyptian-Japanese strategic relations and achieve a qualitative leap in the joint cooperation between the two countries.

This came during the meeting held by officials of the Ministry of Commerce and Industry with Masaki Noke، Ambassador of Japan in Cairo، on the future of economic and trade cooperation between the two countries and Japanese investments in Egypt.

The ministry said that the meeting reviewed the Egyptian participation in the upcoming global economic summit of the Group of 20 (G20)، which will be held in Osaka، Japan at the end of this month.

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