4 April 2014

Egypt's Trade Movement for African Countries Up to U.S. $2.4 Billion

Representative of the African Development Bank in Egypt Laila El-Mokadem said that Egypt is working to strengthen its relations with African countries in order to open new commercial and political prospects. She added that Egypt will remain occupying a leading role in the field of inter-exports among COMESA members.

During a symposium organized by the African Development Bank to encourage commerce between Egypt and COMESA members, Mokadem noted that Egypt accounts for 26.8% of total trade among COMESA members.

Mokadem pointed out that the movement of Egypt's trade and exports to the African countries has increased from USD 200 million to reach USD 2.4 billion between 2002 and 2012. She stressed that Egypt's exports to COMESA member states represent 8% of total volume of exports.

Copyright © 2014 Egypt State Information Service. 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.