Egypt has no plans to revoke the free trade agreement signed with Turkey, Egyptian Minister of Trade and Industry Mounir Fakhry Abdel Nour said.
He further asserted that Egypt respects all agreements inked with other countries, state-owned news agency MENA reported.
Speaking in a press conference on Tuesday, the minister said the navigation agreement signed between the two countries expired on September 24 and Egypt informed Turkey of declining to renew it.
The government signed an agreement with Turkey in March 2012 to use Egyptian ports for transporting Turkish products after Syria closed its crossing to all Turkish exports. These products are transported again to Saudi ports and then to other gulf countries.
The “RouRou” navigation line is between Turkey’s Eskendrona port and Egypt’s Damietta port on the Mediterranean Sea.