Rasheed: Egyptian- Saudi mechanism approved to increase trade exchange

Egypt's Minister of Foreign Trade and Industry Rasheed Mohammed Rasheed announced yesterday that Egypt and Saudi Arabia agreed to create a mechanism for solving problems impeding trade exchange, adding that upon directives by members of the ministerial and technical committees, meeting throughout the recent few months, but the two sides seek practical application of the solutions.

Rasheed's remarks came in a press conference with visiting Saudi Minister of Trade and Industry Dr. Hashem Yamani following their talks in Cairo yesterday.

Rasheed pointed out that the two countries do need more trade cooperation agreements as the actual problem lies in the correct application of solutions.

"The Saudi authorities agreed that the Egyptian exports can arrive in any Saudi seaport not only Jeddah in a bid to remove problems that are facing the Egyptian access to the Kingdom," he said.