President Sisi Hails Egypt’s Trade Cooperation with Greece and Cyprus

Egyptian President Abdel-Fattah al-Sisi on Monday praised Greece and Cyprus for their trade cooperation with Egypt, calling it “a model to follow in the Mediterranean region,” according to Ahram online.

Sisi’s remarks came during his speech at the opening ceremony of a week-long heritage event called “Nostos: Reviving Roots” held in Alexandria, with the participation of Greek President of the Republic Prokopis Pavlopoulos and Cypriot President Nicos Anastasiades.

On Tuesday, Egypt signed a number of bilateral cooperation protocols with Greece and Cyprus during an economic forum held in Alexandria on the sidelines of “Nostos: Reviving Roots.”

Egypt’s Minister of Trade and Industry Tarek Kabil said that the total value of trade between Egypt and Greece reached €400 million. He also said that Egyptian exports to Greece increased in 2017 especially in fertilizers, potatoes, steel, textiles, olives and vegetables.

At the same time, Egypt is currently importing fruits, wheat, plastic products and oils from Greece. Also, Kabil noted that Greek investments in Egypt reached $155 million in industry, services, construction, tourism, telecommunication, finance, information technology and agriculture.

Egypt’s ties with Greece and Cyprus have been strengthened since Sisi took office in 2014 as the leaders of the three countries have gathered for five tripartite summits in the past four years.