Egypt, Belarus discuss co-manufacturing products in Egyptian market

Egypt’s Minister of Trade and Industry Ahmed Samir Monday met Belarusian Deputy Minister of Industry Dmitry Kharitonchik and his accompanying delegation.

They met within the activities of the third meeting of the joint working group for industrial cooperation between Egypt and Belarus. The meeting dealt with the position of trade and economic cooperation between the two countries and the latest developments in the negotiations of free trade agreement between Egypt and the countries of the Eurasian Economic Union.

The minister said that it was agreed with the Minister of Trade of the Eurasian Economic Union to hold the next round of negotiations in the coming months in preparation for concluding the agreement soon.

Samir highlighted the importance of intensifying mutual visits between Egypt and Belarus at the governmental and private levels to get acquainted with industrial capabilities, especially in light of the state’s interest during the current period in deepening the manufacture of a large number of products that are used as raw material for important industries. Moreover, there are great opportunities to establish joint projects to manufacture these products in Egypt.

Samir pointed out that there are great potentials in cooperation to benefit from natural and mineral resources and achieving added value from these extracts, referring to the opportunities and components of the automotive industry and its components in Egypt and the incentives provided by the state to encourage the localisation of this industry.