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.

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