The value of Romanian-Egyptian trade last year was 1.14 billion dollars, up 3.4% compared to the previous year, according to a press release from the Bucharest Chamber of Commerce and Industry (CCIB).
According to the cited source, out of the 1.14 billion dollars, exports represented 499 million dollars, and imports - 642 million dollars.
Identifying concrete ways of collaboration between Romania and Egypt was the main objective of a working visit paid by the President of the CCIB, Iuliu Stocklosa, to the Embassy of the Arab Republic of Egypt to Romania, at the invitation of Ambassador Moayad Fathallah Mohamed Eldalie.
"The main objective of the meeting was to identify concrete ways of collaboration, with the aim of promoting the potential of Romania and the Arab Republic of Egypt and to boost the development of bilateral cooperation, on levels that capitalize on the complementarity of the economies of the two countries", the release informs.
The president of the CCIB used this opportunity to talk about the internationalization strategy of the Bucharest Chamber, focused on areas outside the European Union, underlining the importance given to strengthening economic and trade relations with the Arab Republic of Egypt.
Iuliu Stocklosa highlighted the special collaboration with members of the diplomatic corps, but also with partners from this country, including at the level of the Egypt-Romania Business Council (CAER), which he leads, as co-president on the Romanian side.
According to Iuliu Stocklosa, in the coming period, the revitalization of the CAER activity is envisaged, the outline of key-areas that offer significant opportunities for business people from both countries and, subsequently, the intensification of direct contacts between the two business communities, by organizing dedicated events.
"In this context, the sides agreed to organize, at the beginning of next year, at the CCIB Palace, the Business Opportunities Day dedicated to Egypt, an event that offers Romanian entrepreneurs the opportunity to obtain valuable information about: trends in Romanian-Egyptian foreign trade; the bilateral legal framework and access to this market; participation in project tenders; business and investment opportunities; incentives granted to foreign investors", the press release also reads.
During the discussions, special attention was paid to tourism, a key area for both countries. On this occasion, Moayad Fathallah Mohamed Eldalie spoke about the opportunities offered by the inauguration, on July 3, of the Grand Egyptian Museum in Cairo, within which 100,000 historical objects will be presented to the public, including the famous treasure of Pharaoh Tutankhamun, specifies the cited source.
At the same time, the ambassador of Egypt spoke about the climate in his country, conducive to business development, but also about projects with potential that could be developed in partnership.
According to the president of the CCIB, in addition to the tourism sector, industry and research are sectors of interest for the business community in Romania. In this context, he emphasized the appreciation enjoyed by Romanian specialists in the Egyptian economic milieu, many of the industrial objectives in this country being designed, built and even modernized, subsequently, by Romanian companies.
Another direction of cooperation, insufficiently explored so far, is the import of labor from Egypt, especially in the civil construction and large infrastructure sectors.
According to the Ambassador of the Republic of Egypt to Romania, bilateral economic relations, although old and strong, still have significant potential for amplification. In this context, Moayad Fathallah Mohamed Eldalie expressed his full openness to supporting all steps aimed at developing bilateral economic and trade cooperation and highlighted the importance he attaches to strengthening the dialogue with representatives of the business community in Romania.
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