Egyptian Envoy for strengthening Pak-Egypt trade ties

ISLAMABAD: Pakistan and Egypt have trustworthy political relations and enjoying excellent diplomatic relations, therefore both the countries should also consider to improve economic ties and bilateral trade relations.These remarks were made by H.E.Mr.Said Mohamed El-Said Hindam, Ambassador of Egypt in Pakistan while addressing business community of Islamabad Chamber of Commerce Industry (ICCI). He said that both countries are facing almost similar problems and they could better face the current challenges by promoting bilateral cooperation in multiple fields. The Ambassador said that Egypt is an export-oriented economy as well as he cited Egypt's environment and infrastructure as being conducive for free and preferential trade with all the countries. He said that Egypt has tremendous opportunities of investment in the areas of real estate development, fertilizer, oil gas sector and having expertise in drilling as well. He also highlighted the scope of importing fish and other sea food items from Pakistan which have great demand in Egyptian markets. H.E.Mr.Hindam said that the most important Egyptian exports are cement and dairy products, however, there are numerous sectors in which both the countries could start joint ventures despite having comparative advantage in many sectors. The Ambassador said that ICCI should...

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