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48% increase in Egyptian free zones' exports to US markets
Egypt-USA, Economics, 7/9/1998
Ibrahim Fawzi, the head of the Egyptian general department for investment and free zones said that the exports from the free zones to the US market rose from $41 million during the first six months of last year to $60.6 million during the same period of the current year, an increase of 48%.
He added that exports from the three free trade zones to external markets have reached $194 million dollars during the first six months of the current year, an increase of 14% over the same period last year.
Fawzi added that the exports of free zones to US markets have risen from $7.3 million in June 1997 to $9.9 million in June 1998.
Previous Stories:
Egypt reduces production of raw oil
(7/8/1998)
Egypt admitted into COMESA
(6/30/1998)
Egyptian minister of economy to visit the U.S. today
(6/17/1998)
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