Egypt’s COMESA Exports record $2.7 billion in 2014 – Minister

Egypt’s exports to the Common Market for Eastern and Southern Africa (COMESA) are estimated at around US$2.7 billion in 2014, Egyptian industry and trade Minister said on Tuesday.

On the sidelines of the business forum in Cairo aimed at promoting trade between Egypt and African countries, Minister Mounir Fakhry Abdel Nour referred that the Egyptian government is determined to double the country’s COMESA exports in the coming period.

The African Export-Import Bank (Afreximbank) is holding today a one-day business forum in Cairo aimed at promoting improved trade between Egypt and the rest of Africa. The forum is being organised in collaboration with the Ministry of Industry, Trade and Small and Medium-sized Enterprises of Egypt, has the theme “Unlocking Africa for Egyptian Businesses”.

Moreover, Abdel Nour noted that Egypt seeks to form an African free trade zone in triggered by the success of several Egyptian companies in penetrating the eastern and western African markets, notably the Arab Contractors, and Qalaa Holdings.