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Egyptian commodity exports to Cyprus surge 81.5% in 2017 - min.

Egyptian commodity exports to Cyprus skyrocketed by 81.5% in 2017 to stand at 33 million euros against 18.2 million euros in 2016, Egyptian Trade and Industry Minister Tareq Qabil said.

The total volume of commodity trade exchange between Egypt and Cyprus posted 45 million euros in 2017, the Egyptian Trade Ministry said in a statement on Monday.

Meanwhile, he added that Egyptian commodity exports to Greece ratcheted up 22.7% in 2017 recording 180.5 million euros against 147.7 million euros in 2016.

The volume of commodity trade exchange between Egypt and Greece rose by 10% in 2017 to register 350 million euros against 350 million euros in 2016, he said.

He added that the Greek investments in Egypt stood at $155 billion in the fields of industry, agriculture, service, construction, tourism and communications and IT.

Qabil said "the Egyptian-Cypriot-Greek trade relations represent an epitome of partnership success," highlighting the importance of benefiting from available investment opportunities among the three states.

 

 

 

 

 


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