Germany’s Terms Of Trade With Egypt Worth €4 Bln

Dr. Rainer Herret- CEO, German-Arab Chamber of Industry and Commerce, stated that the terms of trade (TOT) between Egypt and Germany estimated at €4 billion.

Herret, in his exclusive statements to “Amwal Al Ghad”, said that the Germany exports to Egypt are € 2.8 billion, while the Egyptian exports to Germany are €1.2 billion.

He expected that this rate will be steady. And also the balance of trade for Egypt will not increase till the end of 2013 because of declining the cash reserve of the foreign currency.