Source: Yiwu sourcing agent Author: Yama Date: 2008-02-21
At a seminar with a Chinese delegation from Yiwu,Zhejiang province in southeastern China,last week,the Chairman of the Federation of Egyptian Chambers of Commerce, Mohamed El-Masry told Xinhua that good quality Chinese product are very competitive in the Egyptian market.
"Egypt is now urging Egyptian businessmen to increase exports to China,expecting more joint ventures to be established in the future for the purpose of mutual benefit,"he said.
China-Egypt bilateral trade reached 3.3 billion dollars in the first nine months of this year and is expected to reach about 4 billion dollars this year, from 3.19 billion dollars in 2006, while there are currently 352 Chinese enterprises in Egypt, with a total investment of about 430 million dollars, according to Chinese government officials.
With the trade surplus in China's favor, the Chinese government is taking measures to find more suitable Egyptian products for the Chinese market to increase Egyptian exports to China, such as fruits,linen and marble products, to benefit custo
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