Business news from Ukraine

EGYPT AND UKRAINE DISCUSS JOINT PRODUCTION AND EXPORT TO AFRICA

9 June , 2021  

Ukraine and Egypt are discussing the possibility of joint production between enterprises and export to the African market, Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt Ayman Ahmed Mokhtar Elgammal has said in an exclusive interview to Interfax-Ukraine.
Egypt is a member of a number of free trade areas in African and Arab countries, he said. The official added that, for example, they invited the Ukrainian government to invest in the Suez Canal Economic Zone (SCZone).
According to the ambassador, Ukrainian enterprises will be able to manufacture products in Egypt and benefit from Egyptian free trade agreements in the region.
This will also be the topic of a meeting of the intergovernmental technical committee in June, he added.
At the same time, he clarified that so far no proposals have been received from Ukrainian companies on investments in SCZone.
At the same time, various organizations in Ukraine, in particular Ukrmashbud and its member companies, have asked to open their representative offices in Egypt for the joint production of high-tech goods of heavy engineering, the ambassador said.

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