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Egypt's export to China increases sharply
(Xinhua)
Updated: 2004-08-18 11:23

Egypt's export to China has shown a strong momentum, a Chinese official said here on Tuesday.

Addressing a Sino-Egyptian seminar on investment, Cui Mingmo, minister counsellor of the Chinese Embassy in Cairo, said that bilateral trade hit US$699 million in the first six months of this year, an increase of 43.4 percent over the same period of last year.

Among the total figure, Egypt's export to China registered US$111 million, an increase of 77.6 percent over the same period of last year, he said, adding that Chinese investment in Egypt hits US$150 million.

Chinese President Hu Jintao paid a visit to Egypt in January, during which Hu and Egyptian President Hosni Mubarak reached consensus on expanding Chinese-Egyptian economic and trade ties.

"The current visit to Egypt by a trade delegation from the Chinese city of Tianjin was part of efforts to strengthen bilateral trade links," Cui said.

He said that the delegation would visit the Suez economic zone to seek more opportunities.

For his part, Chai Zhongda, vice secretary-general of Tianjin Municipal Government, told the gathering that trade volume between Tianjin and Egypt reached US$28 million last year, and the city had established 14 enterprises in Egypt.

He said Tianjin would like to work together with the Egyptian side to further explore No.3 bloc in the Suez economic zone and render it a success.

The Chinese delegation arrived in Cairo on August 15 for a four-day visit to Egypt.

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