The Minister of Trade is discussing the possibility of establishing a Turkish industrial zone in Egypt

Engineer Ahmed Samir, Minister of Trade and Industry, discussed opportunities for technical, professional and technological cooperation in centers of excellence and innovation between Egypt and Turkey, and the possibility of establishing a Turkish industrial zone in Egypt, according to a statement from the ministry today, Thursday.

According to the statement, the minister also discussed the exchange of experiences and technologies in some industries that Egypt seeks to localize, such as the automobile industry and its feeding industries.

Samir explained that the two sides discussed the possibility of developing a joint plan until June 2024 for opportunities, sectors and areas of priority for joint cooperation, especially in the sectors of furniture, carpets and chemical industries, in addition to discussing the possibility of entering into joint industries with the Turkish side in several fields.

Industrial cooperation

This came during a meeting between the minister and Mehmet Fatih Kajer, the Turkish Minister of Industry and Technology, within the framework of the minister's current visit at the head of a high-level delegation to the Turkish capital, Ankara.

The meeting reviewed ways to enhance joint industrial cooperation, especially in areas in which Egypt and Turkey have long experiences and qualified ingredients to achieve a breakthrough in the level of industrial cooperation, according to the statement.

Enhance communication

During the meeting, the minister stressed the importance of intensifying joint work to activate cooperation mechanisms and enhance communication between the bodies and authorities concerned with industry in Egypt and Turkey, pointing out that the two sides propose signing a joint memorandum of understanding dealing with issues of industrial cooperation, transfer of technical expertise, technical training, university and pre-university education, industrial investment and agricultural processing.

Samir referred to the possibility of setting up a mechanism for joint cooperation for manufacturing in Egypt and exporting to various countries, especially since Egypt enjoys a system of trade agreements concluded with a large number of countries and economic blocs, which provides many preferential advantages for companies exporting abroad.

Industrial investment

The minister reviewed the industrial investment opportunities available in Egypt, especially in the fields that were identified as promising investment opportunities to bridge the gaps in local production and localize the industry, which were identified by the Industry Modernization Center.

Samir noted the importance of cooperation between the authorities concerned with standard specifications in the two countries, benefiting from the Turkish industrial experience in cooperation with the Industry Modernization Center, and working to re-run the Ro-Ro line between Egypt and Turkey to facilitate the inter-trade system, pointing to the possibility of establishing a working group that includes officials of the two ministries to enhance cooperation and coordination in related fields. common interest.