Egypt will cooperate with Malaysia in the field of palm oil production

Published 2023년 2월 21일

Tridge summary

Egypt is looking to enhance its palm oil production by learning from Malaysia's experience, as stated by the country's Trade and Industry Minister, Ahmed Sameer. Egypt is willing to study the production processes and gain experience from Malaysian market participants, with the ambition to emerge as a regional hub for palm oil production and export. The ministry will offer support and facilitate investment in the industry, also highlighting the benefits of the African Continental Free Trade Agreement, such as customs duty exemptions, to Malaysian companies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Egypt expects to learn from the experience of Malaysian colleagues in the field of palm oil production, Minister of Trade and Industry of the country Ahmed Sameer said during a meeting with a delegation of one of the largest Malaysian palm oil producing companies. It is reported by Zawya. According to him, Egypt is ready to carefully study the process chains of palm oil production and gain experience from Malaysian market participants. Thus, an African country can become a regional center for the production of "palms" and its further export to neighboring markets. “For this, the ministry is ready to provide all the necessary support and help in attracting investment in the industry. And Malaysian companies can benefit from the trade benefits of ...

Source: Milknews