Egypt, South Korea seek to boost bilateral trade

Egypt, South Korea seek to boost bilateral trade
Nevin Gamea, Egypt’s trade and industry minister. Social media
Short Url
Updated 08 September 2021
Follow

Egypt, South Korea seek to boost bilateral trade

Egypt, South Korea seek to boost bilateral trade
  • Egyptian exports to the Korean market increased by 11.3 percent during the first half of 2021

CAIRO: Egypt is keen on benefiting from Korean expertise to boost its industrial sector, said Nevin Gamea, Egypt’s trade and industry minister.

She held a meeting with her South Korean counterpart Yeo Han-koo on Wednesday during which the ministers discussed ways to enhance bilateral economic ties.

Gamea said the volume of trade exchange between Egypt and South Korea amounted to $1.051 billion during the first half of this year, an increase of 32.2 percent year-on-year.Bill G

She said the Egyptian exports to the Korean market increased by 11.3 percent during the first half of this year, reaching $247 million, compared to $222 million during the same period last year.

The minister said Korean investments in Egypt amounted to about $570 million in 181 projects.