Sino-Egyptian trade committee discuss upping Chinese investments to Egypt

The joint Sino-Egyptian trade committee began its sixth session under the chairmanship of Industry and Trade Undersecretary Mohammad Ahmed Abel Aziz Dawoud and the Chinese trade and industry deputy minister.

In statements to the Middle East News Agency, Trade Minister Plenipotentiary and head of the economic and trade office at the Egyptian embassy in China Ayman Ali Othman said the committee will discuss means of promoting Chinese investments to Egypt, especially in the fields of infrastructure, new and renewable energy, transport, petroleum as well as the Suez Canal Development Corridor and other vital fields.

Joint relations have witnessed a notable development over the past year. The volume of trade exchange reached $10.3 billion, up by 8.4 percent than the volume registered in 2012.

Egypt exports to China estimated at $1.9 billion with 46 percent increase, whereas Chinese exports to Egypt hit $8.4 billion.

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