Egypt’s Exports To Qatar Declines By 14% In Q4

Egyptian exports to Qatari market fell to 14% by the end of Q3 of 2012; recording EGP 474 million, compared to EGP 554 million a year earlier.

This fall of Egyptian exports to Qatari market happened, although the joint exerted efforts that the Egyptian government and its Qatari counterpart to bolster the economic cooperation between the two countries in the coming period.

Khaled Aboul Makarem, Deputy to Chemical and Fertilizers Export Council, told Amwal Al Ghad that the Qatari market is one of the important targeted markets to develop the exports of chemicals and fertilizers in the coming period, through the council’s plan. The plan will expand in opening new markets to compensate the decline rate of the global demand on the Egyptian products due to euro-crisis.