Egypt to sign free trade agreement at Mercosur summit in Argentina
Egypt will be signing a free trade agreement with Mercosur during the group’s presidential summit scheduled for next August 3 in Argentina, announced Friday the Egyptian trade minister on Friday.
Egypt is the world's biggest importer of wheat and other food produce and Mercosur is a leading producer and exporter or grains, beef and oilseeds.
“We've analyzed and covered about 99% of what we were planning to include, therefore I'm sure we'll be able to go through what's left in the next few days” Egyptian Trade Minister Rachid Mohamed Rachid told reporters in Argentina.
Egypt's exports to Brazil, the largest economy in Latin America totalled 87.7 million US dollars in 2009, while Brazilian sales reached 1.53 billion USD, the Egyptian Trade Ministry reported.
The Egyptian minister began on Friday a visit to Latinamerica which includes Argentina and Brazil and will therefore be present at the Mercosur summit to be held in the Argentine province of San Juan.
Mercosur full-member countries presidents from Argentina, Brazil, Paraguay and Uruguay have confirmed their participation as has Hugo Chavez from Venezuela that is in the process of incorporation to the South American trade block.
Rashid said his visit is mainly to promote trade and investment cooperation with Mercosur full and associate members within the framework of the Trade ministry’s strategic plan do double Egyptian exports by 2013.
Suggested Stories
-
May 17th 2013
Uruguay’s José Mujica lauds booming Brazil ties
-
May 18th 2013
Maduro admits to knowing “the IDs and all” of the 900.000 Chavistas who did not vote for him
-
May 17th 2013
Pope Francis condemned the global ‘cult of money’ and the ‘new idols’
-
May 17th 2013
Prince Harry and PM Cameron launch in New York global campaign to promote Britain
2 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!