Tunisian - Egypt aim for $300 million in bilateral trade

Egyptian and Tunisian businessmen agreed on establishing a joint company between them with a capital of 20 million pounds, in which the Tunisian side participates with 31%. The company is to be located in Tunisian an aim at developing investments and trade between the two countries.

This came at the conclusion of Tunisian - Egyptian economic discussions yesterday after convening a political summit between Egyptian President Hosni Mubarak and Tunisian Presiden Zine al-Abidin Ben Ali, aiming at increasing the joint trade volume between the two states to $300 million in the coming year.

Abd El-Aleem Nawara, the chairman of the joint Tunisian - Egyptian commercial chamber, pointed to the growth of economic relations between the two states during recent years and increasing joint commercial exchange between them.