Cairo Chamber eyes raising trade exchange with Rwanda

Cairo Chamber of Commerce (CCC) studies signing a protocol with Rwandan Chamber of Commerce to boost mutual trade exchange and mutual investments.

Vice Chairman of the CCC, Ali Shoukry stated that the protocol targets rising rates of Egyptian exports to the African markets.

The official made these remarks during his meeting with Khabouji Rootone -Advisor of Rwandan Embassy in Cairo- on Tuesday.

He noted that the volume of trade exchange between Egypt and Rwanda had not exceeded US$124,000 in 2015 since Egyptian exports to Rwanda hit $22,000 while Rwandan imports to Egypt were estimated at $102,000.

Shoukry clarified that arranging mutual meetings and exhibitions would boost Egypt-Rwanda trade exchange.

Egypt keens on deepening its relations with different states notably in Africa so as to enhance the national economy, the vice chairman pointed out.

Egypt is currently enjoying prominent projects and investment opportunities, Shoukry asserted, urging the Rwandan side to make use of such projects as pursuant to the facilities provided by the government for investors.

CCC is set to study forming a mission -including representatives of the chamber- to visit Rwanda by the beginning of 2017 to enhance bilateral economic ties, showcase available investment opportunities, and inviting Rwandan business community to visit Egypt.