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Christian Berger, the EU Delegation’s Ambassador to Egypt said there is a very strong and growing interest from European companies to invest in Egypt.
07.10.21 | Interesting article at Ahram Online

Berger said that Egypt is the biggest investment market for the EU in Africa and the second biggest market in the Mediterranean, thus there is a very strong and growing interest from European companies to invest and expand in the Egyptian market, which is a positive sign on the bilateral relations between the two sides.


Accordingly, Egypt is the EU’s 29th largest trading partner globally, representing 0.7 percent of the EU’s total trade in goods with the world in 2020 despite the severe impacts of the pandemic on trade and supply chains globally, according to Berger.


Meanwhile, the EU is Egypt’s biggest trading partner, covering 24.5 percent of Egypt’s trade size in 2020 and 25.8 percent of its imports; also, 21.8 percent of Egypt’s exports go to the EU.


On the total trade value in goods between the EU and Egypt, Berger said that it hit €24.5 billion in 2020; as EU’s imports from Egypt amounted to €6.4 billion, mainly in fuel and mining, chemicals, agriculture products besides raw materials, and textiles and clothing.