Minister of Trade and Industry Nevin Gamea affirmed Egypt’s keenness to enhance economic, trade and investment cooperation with South Korea, especially because the two countries have strategic relations based on a long history of cooperation in various fields and at various levels, noting the Egyptian government’s keenness to benefit from Korean expertise and transfer it to industry. Egypt, especially in the field of technological industries, in which Korea is characterized by great expertise and competitive advantages.
This came during a session of talks held by the Minister via video conference technology with Han Koo Yoo, Minister of Commerce of the State of South Korea, to discuss ways to enhance economic and trade relations between the two countries during the next stage. Dr. Ahmed Maghawry, Head of Commercial Representation, participated in the meeting.
The minister said that the meeting dealt with the importance of advancing the process of cooperation between the two countries and giving a great impetus to the movement of trade exchange and joint investment cooperation, pointing out that a study is currently underway to form a joint working group from the ministries of commerce in the two countries to discuss strengthening the trade and economic partnership between Egypt and South Korea.
Gamea added that the Egyptian government is looking forward to deepening cooperation and exchanging experiences with South Korea and establishing new development projects with the Korean side, which would contribute to a breakthrough in the level of joint economic relations.
The minister pointed out that the discussions also dealt with the importance of facilitating the access of Egyptian agricultural exports to the Korean market (oranges), especially in light of Egypt’s commitment to all international health requirements and standards, which has made Egyptian exports very popular in many foreign markets, especially the markets of the European Union, China and Japan.
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