Egyptian commodities exports rise by 20%

Published February 16th, 2005 - 02:58 GMT

Egyptian commodities exports posted a 20 percent increase from 2003 to 2004, Minister of Industry and Foreign Trade, Rasheed Mohamed Rasheed, has declared.

 

The Ministry is working to increase this percentage by a further 8 percent, Rasheed said, adding that the Ministry, is coordinating its work with the Industrial Modernization Programme, to raise certain industrial standards to reach international levels.

 

According to Rasheed, the Ministry is trying to increase exports to the EU within the textile and food product partnership agreement. New markets are being opened this year for Egyptian exports in Latin America, Russia and other Commonwealth of Independent States, Rasheed added.