Ahmed Samir, Minister of Trade and Industry, said that concluding a memorandum of understanding will be studied regarding reactivating the Ro-Ro shipping line with Turkey after it was stopped about 8 years ago, specifically in April 2015, as it will help facilitate the movement of goods between the two sides.
These statements came during a meeting with Engineer Ahmed Samir, Minister of Trade and Industry, at the Ministry’s headquarters in the New Administrative Capital, with Dr. Omar Polat, Turkish Minister of Trade, who is currently visiting Cairo at the head of a large trade delegation representing various Turkish industrial sectors to participate in the Second International Forum and Exhibition for Manufacturing during the days of October 27 and 28. The current one.
The minister said that Egyptian-Turkish relations are currently witnessing unprecedented activity, as a high-level Egyptian government delegation visited Turkey twice in recent months. During these visits, extensive meetings were held with representatives of industrial institutions, Turkish business sectors, and government officials, praising the important role played by the Turkish delegation. To make the Second International Manufacturing Conference and Exhibition a success, as well as the continued contribution of Turkish investors to strengthening bilateral trade and investment relations between the two countries.
Samir explained that the meeting aims to shed light on ways to establish a strategic partnership between Egypt and Turkey, as well as pumping new Turkish investments into the Egyptian market in various promising sectors, noting that the ministry has prepared a list that includes promising investment opportunities in 152 industrial sectors in the fields of engineering, chemical, food, pharmaceutical, and manufacturing industries. Agricultural, paper products and packaging, garments and textiles, building and construction, paper industries and other sectors.
He also pointed out the possibility of Turkish businessmen benefiting from the incentives that the Egyptian state currently provides to foreign investors in these promising sectors, including tax exemptions for a period of up to 10 years, free land to establish investment projects, and the immediate issuance of the necessary licenses, in addition to the full and continuous support provided by the government. And the Ministry of Trade and Industry to ensure ease of doing business in the Egyptian market.
