Egypt: Reconsidering the withdrawal from the grain agreement in the event that there is a return to the largest importer

Published 2023년 3월 18일

Tridge summary

The Grain Trade Organization has reached out to Egypt, urging the country to reconsider its decision to withdraw from the 1995 Grain Trade Agreement. However, Egypt's Minister of Supply and Internal Trade, Dr. Ali Al-Moselhi, has indicated that the country may uphold its withdrawal, citing the agreement's ineffectiveness during crises and the lack of added value for Egypt. The Ministry of Foreign Affairs has already communicated Egypt's intention to depart 90 days in advance, highlighting the financial strain gained from the organization's subscription.

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Original content

Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, confirmed that the Grain Trade Organization submitted a request to Egypt regarding reconsidering once again the withdrawal from the Grain Trade Agreement, which Egypt signed among 35 countries in 1995, and decided to withdraw from it recently. Egypt was notified last month. The Secretary-General of the United Nations, with its desire to withdraw from the agreement, as of the end of next June 2023. And Al-Moselhi explained, during his press statements today, on the sidelines of the opening of the “Welcome Ramadan” exhibition in the Tenth of Ramadan City, that the Grain Trade Organization has I sent several letters to Egypt regarding reconsidering once again the withdrawal from the agreement. Al-Moselhi said: “We may re-meet with them and if there is a real benefit through which we can benefit from joining the organization, pointing out that Egypt is still a member until this moment.” This will be in coordination with the ...

Source: Akhbarelyom