10 May 2013

Egypt: Premier Discusses Trade Exchange With Turkish Counterpart

Egyptian Prime Minister Hisham Kandil and his Turkish counterpart Recep Tayyip Erdogan discussed on Friday ways to increase the size of trade exchange between the two countries.

Kandil arrived in Turkey this morning to attend the annual summit of the European Bank for Reconstruction and Development (EBRD).

The prime minister held talks on Friday evening with Erdogan at Dolmabahce Palace in Istanbul to discuss bilateral relations and ways to boost trade exchange and joint investments between Egypt and Turkey.

The discussions focused on Turkish support to Egypt during the current phase, the Middle East News Agency (MENA) reported.

Turkey has given Egypt an approximately $2 billion loan. The Central Bank of Egypt already received $1 billion of the loan. Discussions are underway to use the other $1 billion to fund projects in Egypt.

The trade exchange size between Egypt and Turkey is $5 billion.

Copyright © 2013 Aswat Masriya. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.