Egypt, Sudan commit to enhancing industrial cooperation and trade exchange

EGYPT – The Governments of Egypt and Sudan have committed to enhancing industrial cooperation and trade exchange between the two countries.

The commitment was made during a meeting between foreign ministers of both countries held in Sudan in August this year.

Minister of Trade and Industry Niveen Gamea’ revealed that Sudan and Egypt reached an agreement was to outline a work plan to overcome the hindrances facing the flow of trade between the two countries.

Gamea further noted that the work plan will particularly focus in facilitating logistic transport and increasing joint investments especially in the fields of mutual interests.

In addition, the work plan will also focus on way to boost cooperation in the field of technical and vocational training to meet the needs of the Sudanese industry for qualified laborers.

Gamea’ further invited her Sudanese counterpart to visit Egypt soon to boost industrial cooperation between Egypt and Sudan and beef up trade exchange between both countries.

Gamea revealed details of her foreign trip to Sudan during a meeting held with a number of heads and representatives of exports councils on promoting Egyptians exports in the different world markets with a special focus on the African market.

She asserted the importance of forming an Egyptian-Sudanese business council to play a pivotal role in developing the economic and investment ties between both countries in the coming stage.

The Minister for Trade and Industry emphasized that boosting the Egyptian exports in the foreign markets is a top priority to her ministry’s plan of action, adding that the exports represent main source of foreign currency reserves.

She pointed out to the keenness of the ministry to communicate and coordinate with all the organizations concerned to put a comprehensive vision to increase the rates of exports in light of the negative impact caused by the coronavirus pandemic.

Earlier this month, Sudan agreed, in principle, to let Egypt exploit the agricultural lands available in Sudan to grow sunflowers, soybeans and corn for the benefit of the Holding Company for Food Industries.

This according to a report by Egypt Today would contribute to providing edible oils to the Egyptian market and limit import and would further deepen Egypt-Sudan economic ties.

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