Egyptian-Malaysian free trade agreement in progress, says Malaysian plantation minister

Published 2024년 10월 9일

Tridge summary

Egyptian-Malaysian free trade agreement in progress, with a focus on palm oil. Egyptian importer of Malaysian palm oil, Egypt is already engaged in several multilateral trade agreements. The Malaysian Palm Oil Forum offered a platform for discussing the latest advancements in the oils and fats sector, exploring market trends, and addressing environmental, social, and governance issues. Malaysia is the world's second-largest palm oil producer. Egypt's potential as a business hub, with data highlighting lower shipping time and cost from Egypt. The Egyptian palm oil market is developing at a rapid pace, as this type of oil is an economically essential component for food and non-food industries. Palm oil imports have jumped over the last five years, amounting to 1.15 million tons in 2022.

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Original content

Ahramonline 8th Oct 2024 By Doaa A.Moneim Egyptian-Malaysian free trade agreement in progress: Malaysian plantation minister Egypt’s Minister of Investment and Foreign Trade Hassan Elkhatib and his Malaysian counterpart are currently engaged in designing a free trade agreement (FTA) between the two countries, where palm oil will be a key pillar of this imminent action, the Malaysian Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani told Ahram Online. Abdul Ghani said this in his reply to Ahram Online’s question on the extent of the cooperation between Malaysia and Egypt, during a press conference held on the sidelines of the two-day Malaysian Palm Oil Forum (MPOF KL 2024) kicked off in the Malaysian capital Kuala Lumpur on Tuesday. This forum was launched under the theme “Navigating Trading Challenges with Sustainable Solutions,” with the participation of a group of Egyptian companies. Egypt is a main importer of Malaysian palm oil; moreover, the Malaysian Palm ...

Source: Bilaterals