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Egypt aims to boost trade with Philippines
The Egyptian Ministry of Foreign Affairs reaffirmed Egypt's readiness to strengthen trade cooperation with the Philippines across various sectors, including increasing trade exchange volumes and joint investments. This statement was made during a meeting between Egyptian Foreign Minister, Dr. Badr Abdel Atti, and the Philippine Minister of Trade and Industry on the sidelines of the ASEAN meeting in Manila. They discussed opportunities for cooperation in the fields of agricultural commodities, fertilizers, pharmaceuticals, textiles, and food products. The talks also covered the establishment of a joint Egyptian-Philippine Business Council to enhance trade and investment relations between the two countries, with an emphasis on leveraging Egypt's strategic geographic location and free trade agreements. The Philippines expressed its keen interest in developing economic ties with Egypt, considering the Egyptian market a promising investment opportunity.
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