Egypt’s exports rose by 11.6% year-on-year recording $25 billion in 2018, versus $22.4 billion, according to official data released by the Egyptian Cabinet.
Egyptian export firms have sealed $130 million contracts with Germany, while the Egyptian Commercial Service Office (ECS) has provided 104 export opportunities valued at $75 million, the Cabinet’s media centre highlighted.
The Russian ban on exports of Egyptian potatoes and the ban on exports of Egyptian products to Sudan, as well as Canada’s ban on trade freight transport by EgyptAir have been lifted, the Cabinet added.
The Cabinet also highlighted that the African Continental Free Trade Area (CFTA) has been launched and that the most populous Arab country has signed a free-trade agreement with the Arab states.
Source: (Al-Arabiya.net, edited)