In 2024, Ukraine and Egypt increased their trade in agricultural products to $1.4 billion, up 32% from a year earlier, Minister of Agrarian Policy and Food Vitalii Koval said following a meeting with the newly appointed Ambassador of the Arab Republic of Egypt to Ukraine Barakat Ali Elleiti.
The Minister clarified that the main Ukrainian exports were corn, wheat, soybeans, and vegetable oil. In turn, Ukraine imports citrus fruits, potatoes, nuts, etc. from Egypt.
“The parties discussed the potential for increasing Ukrainian-Egyptian cooperation in the field of agriculture, as well as the issue of reducing the deferral of payments to Ukrainian exporters for the delivered goods, the abolition of some trade restrictions and customs duties, and the possibility of creating a Ukrainian food hub in Egypt,” he wrote on Telegram.
According to Koval, cooperation between Ukraine and Egypt should be mutually beneficial for both countries.
The parties agreed to set up a joint working group to develop a roadmap to address current issues.
