ICEC

Egyptian-African trade volume jumps to $4.8 billion in 2016

Commercial ties between Egypt and African nations viewed an increase in 2016, while trade volume reached to almost US$4.8 billion against US$4.5 billion in 2015.

Accordingly, the increase in Egyptian exports was the major substance for the rise in the volume of trade exchange.

The coming African tour of President al-Sisi to the nations of Tanzania, Rwanda, Chad, andGabon will show an important step toward the increase of strategic ties between both sides.

Meanwhile, Egypt’s Ministry of Trade and Industry prepared plan to promote trade and investment ties with the African markets, as they are one of the most promising markets for Egyptian products.

Source: MENAFN

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