Trade exchange between Egypt and Britain rises to 519 million pounds in the first quarter of 2021

Published 2021년 6월 23일

Tridge summary

The article reports an 8% increase in the trade exchange between Egypt and Britain in the first quarter of this year, reaching 519 million pounds. Despite the pandemic, Egyptian food industry exports to Britain saw a 76% increase, amounting to 24 million pounds. The UK is the third largest investing country in Egypt, with investments totaling 3.5 billion dollars. The article also highlights the ongoing negotiations between Egypt and Britain to develop Egyptian exports and discuss potential obstacles.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Minister Plenipotentiary Trade Nasser Hamed, Director of the European Union Department at the Trade Representation Authority, said that the volume of trade exchange between Egypt and Britain increased during the first quarter of this year by 8% to reach 519 million pounds, compared to 481 million pounds during the same period in 2020. This came during a symposium organized by the Export Council for Food Industries today, in cooperation with the Commercial Representation Agency and the General Authority for Export and Import Control, under the title "Developing food industry exports to the United Kingdom." He explained that the volume of Egyptian exports during the first quarter of this year amounted to about 219 million pounds, compared to about 223 million pounds during the same period last year, while Egypt's imports from Britain amounted to about 300 million pounds, compared to 258 million pounds in the same period last year. . He added that the volume of ...
Source: Youm7

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