Arab - Portuguese business council to be established

It was decided to establish an Arab - Portuguese business council in Cairo. A statement issued by the Portuguese embassy in Cairo said a preliminary agreement has been reached concerning establishing this council during the visit of a delegation of Portuguese businessmen to Egypt during last week. The statement said the council will be aimed at marketing Arab projects inside Portugal and marketing Portuguese projects inside the Arab markets.

The statement said that members of the Portuguese delegation hailed the fruitful cooperation shown by many corporations in Egypt like the US trade chamber, the European Commission, the Egyptian Businessmen's Association, the trade association in Alexandria, the Egyptian exporters association and the trade chamber union.