Alarmed by increasing incidents of Egyptian firms being cheated by their Chinese counterparts,

Cairo chamber of commerce put out an advisory warning traders from entering into any financial dealings,

without doing due diligence first.

We want businessmen, traders, to Scrutiny their contracts with Chinese companies and make sure

that they are documented and include all specifications, terms of payment and delivery,

And there should be also a penalty clause in case of violation of specifications or delay in sending

shipment from the agreed date

As well as the contract includes a commercial arbitration item to settle commercial disputes which

may arise between both sides to ensure the legal rights of the company

Payment must be by the letter of credit only, to avoid fall into trap by depositing money to internet

savvy Chinese exporters, who are disappearing after receiving the money.

At the end and In all cases, traders should refer to the Commercial Representation Bureau in Beijing.