Tuesday، 01 December 2015 12:00 AM
The volume of trade between the two countries during 2009 climbed to 32 million dollars compared to 26 million dollars during 2008. The value of Egyptian exports has reached 10.5 million dollars, while the value of imports from the Philippines has amounted to 21.5 million dollars.
The main Egyptian exports in 2009 included: Pharmaceutical, chemicals, fertilizers, pesticides, aluminum, marble and cotton. Main imports were: fruits, textiles, fish, furniture and electronics.
Prospects of economic cooperation
The current level of trade between the two countries indicate that economic relations, in general, could be upgraded to a new level that is consistent with the common interests and aspirations of the two countries, Especially there remain many opportunities to further increase the level of bilateral trade between the two countries, particularly in agricultural, organic products, fertilizers, pharmaceuticals, textiles and petrochemicals. The two countries are working together benefit from their membership in regional economic groupings, as Egypt is a member of Common Market for Eastern and Southern Africa (COMESA), while the Philippines is a member of the Association of Southeast Asian Nations (ASEAN).
- Trade agreement between the Arab Republic of Egypt and the Republic of the Philippines (1998).
- Memorandum of Understanding on the Establishment of Bilateral consultations between the Ministry of Foreign Affairs of the Arab Republic of Egypt and the Department of Foreign Affairs of the Republic of the Philippines 2000.
- Agreement for Collaboration in Research, Education and Training Programs between Basilan State College and Cairo University (2003).
- Agreement for Educational and Scientific Cooperation between Basilan State College and Helwan University (2003).
- MOA between the Commission on Higher Education and Ain Shams University (2003).
- MOA on Judicial Cooperation (2006).