Egypt, South Korea seek to boost bilateral trade

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CAIRO: Egypt is keen on benefiting from Korean expertise to boost its industrial sector, said Nevin Gamea, Egypt’s trade and industry minister.

She held a meeting with her South Korean counterpart Yeo Han-koo on Wednesday during which the ministers discussed ways to enhance bilateral economic ties.

Gamea said the volume of trade exchange between Egypt and South Korea amounted to $1.051 billion during the first half of this year, an increase of 32.2 percent year-on-year.Bill G

She said the Egyptian exports to the Korean market increased by 11.3 percent during the first half of this year, reaching $247 million, compared to $222 million during the same period last year.

The minister said Korean investments in Egypt amounted to about $570 million in 181 projects.

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