Egypt, Mexico to establish a joint business council

Egypt and Mexico announced on Tuesday the establishment of the Egypt-Mexico Business Council, an entity formed of companies that operate in one of the two countries or both. The council, which is headed by ProMéxico, in cooperation with Egyptian Commercial Service, aims to increase cooperation opportunities between both countries in the business field.

In a press conference held on Tuesday, First Undersecretary of the Ministry of Commerce and Industry Ahmed Antar highlighted that the trade record between the two countries calls for the establishment of the Egypt-Mexico Business Council. “In 2017, the trade exchange between Egypt and Mexico reached $123.4 million, where Egyptian exports amounted to 71 million and imports from Mexico amounted to $52 million. It is important to highlight that Egypt is Mexico’s third biggest trading partner in Africa,” Antar said.