31 July 2021 08:16 PM

Trade Minister: Egypt keen to achieve African economic integration

Saturday، 12 June 2021 - 09:44 PM

Trade and Industry Minister Nevin Gamea said Egypt pays great attention to achieving African economic integration, urging countries across the continent to boost agricultural and industrial cooperation, enhance trade movement, support small and medium-scale enterprises and create jobs.

Gamea was speaking during a session on Africa's endeavors to play a greater role in the global markets as part of the 1st forum of the heads of African investment promotion agencies (IPAs), being held here from June 11-14 in Sharm El-Sheikh with the participation of Egyptian and African ministers and businessmen.

The session focused on three axes; increasing the African domestic production, opportunities for regional cooperation in agriculture and industry, ways of exporting African products to the global markets, and shoring up air freight to the continent.

The event reflects the keenness of Egypt and all other African countries to continue their efforts towards continental economic integration and bolstering investment cooperation as well as opening new channels of communication between governments and private sector, Gamea noted.

The minister pointed to the big responsibility which the African governments should shoulder to pave the way for continental integration by shedding light on the available investment and trade opportunities, familiarizing
representatives of the private sector with the investment priorities and sharing information about them.

She affirmed the importance that African countries should play a greater role in the global markets by supporting their industrial capabilities and maximizing their productive potentials, asserting the necessity of exchanging information and expertise and boosting trade within Africa by encouraging African countries to import their needs of goods and services from African producers and not from countries outside the continent.

She talked about Egypt's role in launching the Made in Africa Initiative in 2019, noting that the Trade and Industry Ministry is ready for sharing its expertise with African countries in the fields of industrial development. 

MENA


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