Trade exchange with Jordan hikes 51.5% in four months; Egypt’s minister

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Egyptian trade exchange with Jordan reached US$237.8 million during the first four months of 2016, marking a 51.5 percent-growth compared to the same period of 2015, trade minister stated Monday.

Minister Tarek Qabil said that Egyptian exports to Jordan are estimated at US$196.6 million including fertilizers, oil, ceramics, citrus, and home appliances, while Jordanian imports to Egypt reached US$41 million.

The minister added that he would start his visit to the Jordanian capital Amman, tomorrow in which he is scheduled to meet with Jordan’s PM Hani Al-Mulki, Deputy PM Jawad Anani, as well as minister of trade, industry, and supply.

Qabil’s visit to Jordan comes to enhance joint economic relations between two states.

During the visit, Qabil and the Jordanian side would discuss a number of topics related to facilitating trade movement between both states in order to boost mutual investments and intra-trade volume within the coming period.

Minister Qabil noted that the number of Jordanian firms investing in Egypt until the beginning of 2016 reached around 1,527 whose investments are estimated at US$519.27 billion in services, industry, finance, constructions, agriculture, communications, information technology sectors.

Meanwhile, Egyptian investments in Jordan are estimated at US$310 million mainly in food industries, building materials, construction, automotives, financial, and banking sectors, Qabil pointed out.