In Egypt, agriculture is one of the pillars of the economy. While the sector continues to grow despite numerous constraints, it still needs to diversify its outlets and mobilize additional investments to develop.
Egypt intends to take advantage of trade opportunities linked to strong Chinese demand for agricultural products.
As part of a virtual symposium recently organized by the Egyptian Commercial Office (ECO) in Beijing, the authorities argued for increased agricultural trade with the Middle Kingdom, the world’s largest agricultural market.
While the land of the Pharaohs already sells a wide range of products such as citrus fruits, grapes and dates, exporters also want to send other items such as onions and mangoes there.
Currently, discussions on phytosanitary requirements are ongoing between the Chinese Customs Administration and the Egyptian Quarantine Authority (CAPQ).
Beyond exports, Ahmed Zaki, head of the trade office, called for Chinese-origin foreign direct investment (FDI) in the agricultural sector.
“Egypt is a country with a stable economy, with a favorable investment environment and which has established distinguished bilateral relations with China and is conducting joint cooperation in the framework of the Silk Road project” , explained the manager.
As a reminder, the agricultural sector directly employs 30% of the workforce and supports half of the population.