Egypt’s trade with France hits $2.6bn in FY2017/18

Trade exchange between Egypt and France reached $2.6 billion during the financial year 2017/2018, announced The Egyptian Cabinet’s Information and Decision Support Centre (IDSC) on Monday.

“Egypt’s exports to France rose 51.6 percent during the financial year 2017/2018,” IDSC showed.

Last November, French Chamber of Commerce in Egypt said the French firms are keen to increase their imports from Egypt, notably fruits and vegetables.

During the first 10 months of 2018, Egyptian imports from France surged 8 percent to $1.36 billion from $1.26 billion during the period in 2017.

In 2017, Egypt’s Ministry of Industry and Trade announced that the trade between the two countries jumped 21.8 percent, while the Egyptian exports to France went up by 36.4 percent during the prior year.

Meanwhile, French President Emmanuel Macron and his wife arrived in Egypt yesterday for a three-day visit.

This visit aims to increase and support axes of joint cooperation between the Egypt and France, according to Ahmed El-Wakeel, Chairman of Egyptian Chambers of Commerce.

El-Wakeel referred to four fields to increase the economic cooperation between the two countries, which are electricity, new and renewable energy, and infrastructure.