Egypt, Pakistan agree to promote trade, sign MoUs

17 Oct '19

2 min read

Pic: Shutterstock

Pakistan and Egypt recently agreed to work out measures to focus on their untapped economic potential and promote bilateral trade at the first meeting of the Pakistan-Egypt Joint Working Group (JWG) on Trade held in Islamabad. The joint working group was established at the sidelines of Pakistan-Egypt trade conference in Islamabad yesterday.

Pakistan’s commerce ministry and the Egyptian Commercial Service signed a memorandum of understanding (MoU) to set up the JWG on trade.

The Pakistani delegation was led by commerce secretary Ahmed Sukhera while Egypt was represented by first undersecretary of Egyptian Commercial Service Ahmed Anter.

Both sides agreed to enhance trade in key sectors, including textiles and leather products, agricultural products, engineering industries (electrical apparatuses and power appliances), construction and building materials, fertilisers and chemicals, medical and surgical instruments and pharmaceuticals, according to Pakistani media reports.

A separate MoU between the Trade Development Authority of Pakistan (TDAP) and Egyptian Commercial Service was signed to enhance trade promotion efforts.

The ministry of commerce and textile organised a parallel Pakistan-Egypt Trade Conference in the capital city. It was the first of a series of such conferences planned with African countries under the ‘Look Africa Policy Initiative’ of the ministry.

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