Egypt, France 2014 trade exchange valued at $2.6m

Egypt and France’s trade exchange was equivalent to approximately $2.6m in 2014, according to a Ministry of International Cooperation statement.

The volume of France’s investments in Egypt on the other hand stands at about €7bn.

These statistics were reviewed during a meeting held in Cairo between Minister of International Cooperation Nagla Al-Ahwani, and a delegation of about 30 French companies’ representatives. Also in attendance was MEDEF International, a French organisation that helps French companies succeed as they expand globally.

During the meeting, Al-Ahwani reviewed the economic and community reforms being undertaken by the Egyptian government, and the plan for attracting foreign investments into the country. Priority was also given to the current required projects, in the fields of energy, transportation, petroleum, and communications, amongst others.

In May 2015, Prime Minister Ibrahim Mehleb visited France at the head of a high-level ministerial delegation upon the invitation of French President Francois Hollande. The purpose of Mehleb’s visit to France was to discuss cooperation between Egypt and France.