Exports to Egypt top $200m in seven months

Exports to Egypt top $200m in seven months

Viet Nam's export turnover to Egypt reached US$201 million in the first seven months of the year, said Viet Nam Ambassador to Egypt Dao Thanh Chung.

Chung said the country's exports to Egypt in 2010 amounted to $200 million while last year's were $280 million, adding that Vietnamese enterprises have brought considerable volumes of goods into the market.

Viet Nam's main export items to Egypt have been rice, wooden furniture, consumption goods and seafood.

The latest report from the Ministry of Industry and Trade showed that Egypt has been the fourth largest country which imported Vietnamese goods among 67 countries having trade relations with Viet Nam.

Viet Nam has imported materials serving for production with a yearly average turnover of $20 million.

However, the ministry said that trade has not been up to the two countries' potentials despite increasing export turnover over the past few years.

Chung urged Vietnamese businesses to penetrate further into the market.

He said the embassy would support and create favourable conditions for businesses to promote their trade in Egypt as well as expanding the range of export items available.

Egypt has been in need of agricultural products, cloth, electronics, mobile phones, machines and equipment.

He added that the two countries should establish a Viet Nam-Egypt Business Council to promote trade, investment and co-operation.

The two countries aimed to bring their bilateral trade to $500 million

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