Egyptian Mission to Warsaw to increase Trade and Joint Investment

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Tuesday - 5 April 2016 - 11:24 AM

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EgyptianPolish Businessmen Association (EPBA) organizes Mission to Polish Capital Warsaw during Next May including more than 35 of company heads and representatives of major commercial and Industrial companies to be the largest Egyptian Trade mission visited Poland during last 20 years.

Mr. Medhat El Kaisy , head of EPBA , said that the Egyptian business community is demanded to increase its communication and meetings with counterparts in other countries to support Egyptian economy during working on increasing exports and attracting more direct investments.

 

He explained that there is an opportunity to increase our exports to Poland, which is considered large consumer market, although there is a deficit in trade balance between two countries in favor of Poland. In spite of the imports from Poland represent special importance for Egyptian industries, because 90 % of Egypt's importing structure from Poland is Capital goods, raw materials, semi-manufactured goods, equipment and spare parts.

 

He revealed that a plan is prepared for increasing volume of trade between Poland and Egypt, which surpassed the level of 4.5 billion pounds, with focus on the growth of Egyptian exports. This plan includes establishing distribution centers for providing Egyptian products as available goods to facilitate dealing with Polish commercial sector and expanding in other fields of exports.