Cairo chamber of commerce signed a cooperation protocol with Paphos Chamber aimed at boosting trade and investment between the two countries.

This came during a visit of Paphos chamber delegation to the Cairo Chamber.

They discussed new ways to increase trade and investment exchange between the two countries.

Sameh Zaki, member of the Board of Directors of Cairo Chamber on behalf of Eng. Ibrahim Al-Arabi, Vice Chairman of the General Federation of Chambers of Commerce and the Chairman of the Cairo Chamber said that Egypt is one of the largest markets in the Middle East and North Africa region.

He added that the country is working on diversifying our economy and enhancing the economy’s productivity in various fields, through establishing strong partnerships with many global partners. 

Noting that The Egyptian government has implemented economic reform program, working on eliminating obstacles that stand in the way of investors, as well as offering incentives to investors through a new investment law, constructing a large road network, and processing many industrial zones, especially in the Suez Canal, and others.

He added that Egypt signed trade agreements with many countries that would help export activities such as COMESA, QIZ, and FTA with the EU, and Arab countries in addition to having an abundance of labors with low prices.

Pointing out that The Cairo Chamber of Commerce provides various activities for traders and plays an active role in communicating and coordinating with foreign commercial bodies inside and outside Egypt to encourage and increase trade exchange between Egypt and various countries of the world.