Chinese minister in Egypt: Trade with Israel has not effected on trade with Arabs
Egypt-China, Economics, 6/22/2000
Egyptian Foreign Minister Amr Moussa convened yesterday evening with Chinese Minister of Trade and Economic Cooperation Shi Guangsheng and his escorting delegation currently visiting Egypt.
Following the meeting, the Chinese minister said "the talks with Moussa tackled means of enhancing the economic cooperation and enhancing the friendship relations between China and Egypt." He depicted the talks of being very fruitful and expressed his country's thanks to the Egyptian government for its support to China's joining to the World Trade Organization adding that the talks also tackled cooperation between Egypt and China for playing a more positive role in regional and international issues.
He stated there is an increase in the trade between the two countries as it has increased 35% from January till April of the current year especially in Egyptian export to China. He expressed his belief that there is a gradual change in the unbalanced trade volume between the two countries.
In answering a question concerning whether the developing cooperation between China and Israel could negatively effect China's relations with the Arab states, the Chinese official said that cooperation between Israel and Israel is a normal one that has no negative effect on the relations among his country and the Arab states.
392 million dollars are Egypt's exports to Iraq
600 million dollars is volume of the Egyptian - Chinese trade
Egyptian economy picture is not dim
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