Par­tic­i­pa­tion in ex­hi­bi­tion opens new chan­nels for Egyp­tian com­pa­nies to ex­port

They aim to finalise con­tracts be­tween Egyp­tian com­pa­nies, Chi­nese im­porters shortly, says El Shorbagi

The Daily News Egypt - - Front Page - By Nevine Kamel – Shang­hai

Sher­ine El Shorbagi, head of the Ex­port De­vel­op­ment Au­thor­ity (EDA), said the Na­tional Bank of Egypt (NBE) asked the EDA to par­tic­i­pate in the first China In­ter­na­tional Im­port Expo, which is sched­uled to be­gin on Mon­day 5 Novem­ber.

She added that it was agreed with the Chi­nese side to par­tic­i­pate in the Pan-African Trade Con­fer­ence sched­uled to be held be­tween 11 to 19 De­cem­ber.

Egypt is par­tic­i­pat­ing in the first China In­ter­na­tional Im­port Expo with a distin­guished pav­il­ion in­clud­ing 38 com­pa­nies and two banks: Banque Misr and the NBE.

Fur­ther­more, El Shorbagi pointed out that Egypt’s strong par­tic­i­pa­tion in this im­por­tant in­ter­na­tional fo­rum aims to open new chan­nels for Egyp­tian ex­ports into the Chi­nese mar­ket, es­pe­cially in light of the great con­sol­i­da­tion in the Egyp­tian-Chi­nese re­la­tions, which was re­flected in se­lect­ing Egypt as one of the ex­hi­bi­tion’s guests of hon­our.

Re­gard­ing the prepa­ra­tions for the Egyp­tian pav­il­ion, she said in press state­ments that the pav­il­ion was de­signed in a way that re­flects Egypt’s civil­i­sa­tion, and the tremen­dous de­vel­op­ment it wit­nessed dur­ing the last pe­riod.The pav­il­ion is di­vided into two sec­tions,the first in­cludes the na­tional pav­il­ion and the Min­istry of Trade and In­dus­try, rep­re­sented by the EDA, as well as the Suez Canal Eco­nomic Zone (SCZone), while the sec­ond sec­tion in­cludes the par­tic­i­pa­tion of 38 pri­vate sec­tor com­pa­nies across a num­ber of fields, such as agri­cul­tural crops, food, chem­i­cal, en­gi­neer­ing, spin­ning and weaving in­dus­tries, as well as Banque Misr and the NBE.

Pro­mot­ing Egyp­tian tourism and at­tract­ing Chi­nese com­pa­nies to in­vest in the Egyp­tian mar­ket is one of the most im­por­tant axes of Egyp­tian par­tic­i­pa­tion in this ex­hi­bi­tion. It is sched­uled to present the most im­por­tant in­vest­ment op­por­tu­ni­ties in Egypt, es­pe­cially in the SCZone and Egypt 2030 Vi­sion for Sus­tain­able De­vel­op­ment, in ad­di­tion to ar­rang­ing bi­lat­eral meet­ings for Egyp­tian com­pa­nies with their Chi­nese coun­ter­parts, stressed El Shorbagi.

So far, there has been great co­or­di­na­tion with the Chi­nese side since the an­nounce­ment of Egypt’s par­tic­i­pa­tion in this im­por­tant ex­hi­bi­tion, whether by iden­ti­fy­ing the ap­pro­pri­ate ar­eas for Egyp­tian com­pa­nies as well as the se­lec­tion of the sec­tors in­volved, as they must be sec­tors in which Egypt has com­pet­i­tive ad­van­tages to qual­ify for pres­ence in the Chi­nese mar­ket. She noted that they aim to finalise busi­ness deals and con­tracts be­tween Egyp­tian com­pa­nies and Chi­nese im­porters in the com­ing pe­riod, con­cluded El Shorbagi.

Sher­ine El Shorbagi, head of the Ex­port De­vel­op­ment Au­thor­ity

Newspapers in English

Newspapers from Egypt

© PressReader. All rights reserved.