Egypt’s trade exchange with South Korea up 46.9%

During the same period in 2021, Egypt’s exports to the South Korean market rose by 62.3 percent to reach $531.5 million, up from $327.5 million during the same period in 2020, Gamea said during a virtual meeting with her South Korean counterpart Yeo Han-koo.

During the meeting, Han-koo told Gamea that South Korea is keen on boosting cooperation with Egypt in trade, investment, industry, energy, and health sectors, particularly the COVID-19 confrontation.

Han-koo also expressed his country’s appreciation of the great success Egypt has made through its economic reform programme, which enabled the country to attain a 3.6 percent of GDP growth in 2020 despite the significant challenges placed by the pandemic.

Moreover, the South Korean minister requested Egypt’s support to the South Korean’s bid to host Expo 2030 in Busan city, which is scheduled to be held from 1 May to 31 October 2030.

The meeting also explored the paths meant to enhance the joint cooperation in fields of energy and environment, in addition to localising electrical vehicles in the Egyptian market and bringing the Egyptian agricultural products to the South Korean market.