Egyptian - European company for marketing founded

The Egyptian Ministry of Trade has completed the first executive steps for creating an Egyptian - European company for commerce, aimed at merchandising and distributing the Egyptian products in European Union markets.

Egyptian exporters and European importers concerned with importing from Egypt are taking part in establishing the company in participation with "the bank for upgrading Egyptian exports." The company's headquarters will be located in Brussels, as it is located in the middle of Europe.

The company aims at merchandising vegetables, fruits, medical supplies, plants, oils, products of fabrics and textiles, clothes, flowers, in addition to wood furniture, Egyptian Minister of Trade Ahmed Goweili said, but he did not mention the volume of the company's capital, which will not be less than 20 million pounds according to the expectation of the trade representation body affiliated to the Ministry of Trade.