Anadolu Agency :
Egypt’s trade relations with Türkiye are “very robust and balanced,” reflecting a healthy economic partnership between the two countries, according to Egyptian Minister of Investment and Foreign Trade Hassan el-Khatib.
Egypt and Türkiye “have highly diversified exports, which strengthen their trade relationship,” el-Khatib said in an interview with Anadolu Agency (AA).
“Türkiye is the first export destination to Egypt globally and Egypt is one of Türkiye’s most significant trade partners in Africa, while Türkiye is the top export destination for Egyptian goods,” he added.
El-Khatib landed in Türkiye on Monday to attend the opening session of the 40th Ministerial Conference for Trade Ministers of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (OIC).
His talks in Türkiye aimed to explore ways to enhance trade and investment relations between Ankara and Cairo.
According to the minister, the bilateral trade volume reached $6.9 billion in 2023, with Egypt’s exports at $3.6 billion and imports from Türkiye totaling $3.3 billion.
He said the trade volume could reach $8 billion by the year-end.
In September, Egyptian President Abdel Fattah el-Sissi paid a landmark visit to Ankara following a visit by President Recep Tayyip Erdogan to Cairo in February.
During the visit, the two leaders signed 17 new agreements to enhance bilateral cooperation, especially in trade and investment.
They also signed a mutual declaration for the first meeting of the High-level Strategic Cooperation Council between the two countries.
