Pakistan Seeks Tenfold Trade Increase With Egypt: MinisterSource: www.export-egypt.com 1/9/2024, Location: Africa |
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Pakistan seeks to increase trade exchange with Egypt by tenfold in the coming few years, said Gohar Ejaz, Pakistani Federal Minister for Industries and Commerce.
Ejaz made his remarks on the sidelines of the fourth edition of the Pakistan Africa Trade Development Conference (PATDC) and Single Country Exhibition (SCE), being held in Cairo 9-11 January. Egypt is the portal to Africa and already has exceptional trade relations with Pakistan, Ejaz added. He noted that the conference aims to seal deals for joint agreements between African and Pakistani parties in sectors including agriculture, textile, engineering, services, and energy. For his part, Egyptian Minister of Trade and Industry Ahmed Samir revealed that the trade exchange between Egypt and Pakistan reached $400 million in the fiscal year 2021/2022. Egyptian exported $300 million worth of natural gas, oil products, cotton, and other products to Pakistan in that period, Samir highlighted. PATDC kicked off at the Egypt International Exhibition Centre under the title “Bridging Opportunities, Connecting Transformation.” The event was attended by a high-ranking Pakistani delegation that includes 200 businessmen from more than 20 sectors. During the third edition of PATDC, $24 million worth of agreements were signed between Pakistani and African companies. In September, Egypt and Pakistan signed seven Memorandums of Understanding (MoU) for cooeration in various economic fields at the Pakistan-Egypt Business Opportunities Conference in Cairo. |
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