Egyptian Minister of Trade and Industry Nevine Gamea revealed Thursday that the first Egyptian trade mission to Cameroon and Senegal had achieved outstanding results.
The mission had secured export contracts worth $26 million for a variety of products ranging from cement to fertilisers, from chemicals to food products, the minister said, adding that preparations are underway for a second trade mission. “These missions are organised within the Business Links with West and Central Africa initiative,” Gamea said.
Fuelled by the success of the first, the second mission would be heading to Togo and Cote d’Ivoire towards the end of this year, Gamea added.
She hailed the Commercial Representation Agency in co-operation with the Attijariwafa Bank for setting up the first mission, whose success the minister described as “a good step on the road to implementing the strategy of the Ministry of Trade and Industry for gaining presence in West and Central African markets and increasing Egyptian exports to Senegal”.
She said her ministry hopes to more than quadruple exports to Senegal to $200 million and triple exports to Cameroon to $125 million.
Head of the Commercial Representation Agency Ahmed Maghawri said the first trade mission travelled to Cameroon and Senegal on July 4 and spent five days in the two countries.
“The mission came within the framework of the Ministry of Trade and Industry’s strategy for cementing trade ties with fellow African states,” he said.
Maghawri revealed that 43 local companies and 65 businessmen participated in the first mission to the two countries. He went on to say that the companies which they represented are the most important export sectors in Egypt.
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