Abdelatty stressed the need to enhance commercial and investment cooperation, highlighting the remarkable development in economic ties between the two nations. He noted that total trade exchange reached nearly $9 billion in 2024, with Turkey emerging as a key destination for Egyptian exports and Egypt becoming a major African market for Turkish goods.
The minister underscored the importance of collaborative
efforts from all stakeholders in both countries, including joint business
councils, to achieve a trade volume of $15 billion. This target, he said, was
agreed upon by the political leaderships of both nations to foster greater
economic integration benefiting both sides.
Dr. Abdelatty also discussed the 2005 Free Trade Agreement,
crucial for reaching the desired trade volume. He explored expanding the
agreement's scope and removing obstacles to increase trade between Egypt and
Turkey.
Minister Abdelatty welcomed Turkish investments in Egypt, noting their significant increase in recent years. He highlighted Cairo’s strong desire to further augment these investments and leverage the free trade agreements to which Egypt is a signatory. Furthermore, he pointed to the compelling advantages available to investors within the Suez Canal Economic Zone, underscoring the various benefits and facilities provided. Abdelatty affirmed the commitment to addressing and resolving any impediments that Turkish investments in Egypt might encounter, citing Prime Minister Dr. Moustafa Madbouly's directive to establish a special unit dedicated to supporting Turkish investments in Egypt as demonstrative of this commitment.