Ahmed Samir, the Egyptian Minister of Trade and Industry, revealed that the volume of trade exchange between Egypt and Kuwait in the first 11 months of the year 2022 recorded about $401 million.
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According to the minister, the volume of trade exchange between Egypt and Kuwait increased by 21.4 percent last year, reaching $306 million, up from $252 million in 2020.
This was stated during the Minister’s inauguration on behalf of the Chairman of the Council for the activities of the Thirteenth Kuwaiti Week, which is being organized by the Kuwaiti Embassy in Cairo in collaboration with the Jabriya Group for Kuwaiti Exhibitions from the 19th to the 21st of December under the slogan “Kuwait in Egypt” and is being held under the auspices of the Chairman of the Council. Ghanem Saqr Al-Ghanim, Ambassador of the State of Kuwait in Cairo, along with other ministers were also present.
Samir stated that Egypt and Kuwait have historical and strategic relations based on mutual understanding and agreement on visions regarding various regional and global files and issues of mutual interest.
He explained that Egypt and Kuwait have strong economic relations at both the bilateral and multilateral levels, as part of the Greater Arab Free Trade Area Agreement, noting that the two countries also play an important role in the Arab joint action system.
Moreover, the minister highlighted the distinguished investment opportunities available to the Kuwaiti business community in Egypt in a wide range of productive and service sectors, in order to meet the needs of the Egyptian market and export to foreign markets.