$ 10 billion goal for Egypt's exports to Arab states
Egypt-Regional, Economics, 6/22/2004
The Trade Representation Department is currently negotiating to reach an agreement on services trade among the Arab countries under the auspices of the Arab League.
The negotiations aim at increasing Egypt's potentials of services trade whose initial estimates are expected to reach $ 10 billion, according to Head of the Department El-Sharqawi Hefni.
A host of export deals were clinched, hitting $ 508 million to promote the products of some 1,935 Egyptian companies and provide about 1,513 export opportunities for Egypt in the international markets.
Addionally, data is available on some 425 international bids and preparations are under way for Egypt's participation in more than 401 international fairs, Hefni asserted.
The department has contributed in the negotiations regarding an accord on lifting the embargo on exporting Egyptian citrus to China and Sri Lanka.
Additionally, the Department has reached an agreement to export Egyptian oranges for the first time to Australia and New Zealand.
The European Commission also enlisted Egypt among other countries outside the EU that export fish to the European market.
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