The volume of trade exchange between Egypt and Iraq increased to 386 million dollars during 2020

Published Jun 27, 2021

Tridge summary

Egyptian President Abdel Fattah El-Sisi visited Baghdad to participate in a summit with Iraqi Prime Minister Mustafa Al-Kazemi and Jordan's King Abdullah II, aiming to strengthen the tripartite cooperation between the three countries. The summit builds on the 2019 mechanism in Cairo, focusing on trade, investment, energy, tourism, and other areas. Trade between Egypt and Iraq reached $1.6 billion in 2020, with a trade imbalance in favor of Egypt. The summit saw the signing of 14 memorandums in various fields and the operationalization of a free trade zone agreement. The historical trade dynamics and notable exports between the two countries are highlighted in the article.

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Original content

Egyptian President Abdel Fattah El-Sisi arrived in the Iraqi capital, Baghdad, on Sunday, to participate in the tripartite summit between Egypt, Iraq and Jordan. Al-Sisi will participate with Mustafa Al-Kazemi, Iraqi Prime Minister, and King Abdullah II of Jordan, as part of the fourth round of the tripartite cooperation mechanism that was launched in Cairo in March 2019, when he was received at Baghdad International Airport by Iraqi President Barham Salih. And Iraq, with its broad horizons, multiplicity of fields, and the availability of future development possibilities. The volume of trade exchange between Egypt and Iraq has reached one billion and 600 million dollars. The volume of trade exchange between Egypt and Iraq during the year 2020 amounted to 386 million dollars, according to the statements of the Iraqi Minister of Trade. The relations are also characterized by trade exchange, industrial and agricultural investment, energy, tourism, building and construction, and ...

Source: Akhbarelyom