The Egyptian Commercial Representative office in Milan reported export opportunities worth more than €8 million over the past five months. According to First Undersecretary of the Ministry of Commerce and Industry and Head of the Commercial Representation Authority Ahmed Antar, these included €6.1 million of exports during the month of May.
Antar has stated that the Milan Office held fruitful meetings with Italian companies to find out their import needs of different products in light of the competitive advantage and export importance of Egypt.
In a press release, Antar said that the efforts resulted in the success of the office in providing 12 export opportunities (among these seeds, fennel, basil, potatoes and sweet potatoes). He said that the efforts of the Milan office come within the framework of the Egyptian Commercial Representation Authority and its foreign offices to implement the approved Egyptian export development plan.
Minister of Trade and Industry Amr Nassar said earlier that Egypt’s exports to Italy hit $1.24 billion during the first eight months of 2018, compared to $986 million during the same months of 2017.
According to egypttoday.com, Nassar added that Egypt’s imports from the Italian market dropped to $2.96 billion, compared to $3.64 billion in the period of January to August 2017.