Belgian trade delegation to visit Egypt to discuss enhancing trade

A Belgian trade delegation is set to visit Egypt from Sunday 4 March to 8 March to discuss fostering and enhancing economic trade relations between Belgium and Egypt, the Belgian Embassy in Cairo said on Sunday.

According to an embassy press statement, the delegation will include representatives from over 25 Belgian companies seeking to provide assistance to Egyptian companies in exporting to Europe, as well as discussing the prospects for further cooperation.

According to the embassy, the delegation will be looking for Egyptian partners to represent their companies in Egypt.

The embassy’s trade attaché, Haguer Magdi, said the delegation will be hosted by the embassy’s trade commission, connecting the companies later with their Egyptian counterparts who are interested in the European country’s industry and vast expertise.

The delegation will meet with Egyptian companies in the private and public sectors, in addition to visiting the country’s New Administrative Capital in order to explore promising opportunities for exporting products and exchanging expertise in construction and development.

“Belgium values local industries of all sizes. Eighty-five percent of the Belgian economy consists of small and medium enterprises,” Magdi noted, with the statement providing further details of the fields in which the companies operate.

The Belgian SMEs specialize in several sectors, including but not limited to construction, consultancy, video mapping projection, healthcare, furniture, banking and insurance, flooring, packaging, printing, energy and electricity, automotives, and satellite navigation.

“Although most companies are new to the Egyptian market, others have already been trading with Egypt for years, with a value of 150 million euros,” Magdi said.

The statement concluded that the upcoming visit comes within a framework that sees the Belgian and Egyptian counterparts meeting every two years since 2008 to discuss investment opportunities.

The first such meeting was held in 2008 in the presence of Prince Philippe and the current King of Belgium, and 100 Belgian companies.

Source: Ahram Online