As of September 2, 2021, Nevin Gamea, Egypt's Minister of Trade and Industry, has announced that customs reductions will be applied to 6900 commodities traded between Egypt and Mercosur countries.

The minister added that there has been a remarkable development in economic and trade relations between Egypt and the Mercosur countries during the past four years, since the conclusion of the free trade agreement between the two sides, and its entry into force on September 1, 2017.

She indicated the ministry’s keenness to benefit from the markets of all member states of the assembly, which includes about 260 million people, and to use it as a hub for Egyptian exports to reach the markets of the countries of the South American continent.

The Minister of Trade and Industry explained that the lists of goods covered by the customs reduction are currently being circulated to all export councils and business groupings, especially small and medium companies, to enhance benefiting from the great competitive advantage of Egyptian exports in accessing these important markets, and to start communicating with companies importing these products in the Mercosur countries.