Trade exchange between Egypt, Romania expected to double by end of 2019: SIS

20 Jun 2019

CAIRO - 19 June 2019: Egypt comes on the top of the list of countries receiving Romanian experts, and it is expected that the trade exchange between the two countries increases by 100 percent by the end of 2019 compared to last year, Egypt's State Information Service (SIS) said.

The most significant Egyptian commodities exported to the Romanian market are fertilizers, medicines, cables, electrical conductors, vegetables and fruits, chemicals, and agricultural products. The imports, on the other hand, include woods, chemical products,parts of the railway cars, tractors, and metals especially iron and steel.

Romania ranks 40th among the countries investing in Egypt, the SIS said. The Romanian investments until 2017 amounted to $223.9 million, distributed over 60 diversified investment projects. Tourism projects get the lion's share, according to the SIS; Romanian investments includeeightbig tourist companies. Romania is also involved in 14 industrial companies and 24 service companies in Egypt.

European visit

Egyptian President Abdel Fatah al-Sisi arrived on Wednesday in the Romanian capital Bucharest as part of his European tour that included Belarus.

Sisi noted in a press conference with Romanian President Klaus Iohannis in Bucharest that they discussed cooperation in the fields of economy and tourism, affirming that their previous meetings have contributed to strengthening the bilateral relations.

Trade relations between Egypt and Romania surpassed $1 billion in 2018, Sisi said, adding that charter flights from Romania to Red Sea's Hurghada and South Sinai's SharmEl-Sheikh were doubled.


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