Egypt has invited Pakistani companies to establish manufacturing operations in the North African country, offering them an opportunity to access the US market through its preferential trade arrangements with Washington.
The offer was discussed during Federal Minister for Commerce Jam Kamal Khan’s bilateral meeting with Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid Saleh, on the sidelines of the 42nd Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) in Istanbul, Türkiye.
Egypt Highlights US Market Access Opportunities
During the meeting, both ministers discussed ways to expand bilateral trade, investment, and industrial cooperation, particularly in the cotton and textile sectors.
Saleh highlighted Egypt’s investment opportunities and encouraged Pakistani businesses to explore manufacturing partnerships and industrial operations in the country.
He specifically pointed to Egypt’s preferential trade arrangements with the United States, which could allow Pakistani investors to establish manufacturing facilities in Egypt and access the American market, subject to applicable trade requirements.
Saleh also requested details of the Pakistani companies expected to participate in the upcoming business forum to facilitate direct engagement between the two countries’ business communities and identify potential investment partnerships.
He also highlighted affordable educational opportunities for Pakistani students in science, technology, medicine, healthcare, and engineering.
Jam Kamal emphasized the importance of developing joint ventures between Pakistani and Egyptian private sector companies, particularly in textiles, manufacturing, and other mutually beneficial industries. He said stronger business to business engagement and institutional cooperation could help both countries expand commercial ties and explore new international markets.
Pakistan Seeks Better Trade Ties With Saudi Arabia And Tunisia
Kamal also met Saudi Arabia’s Deputy Governor for International Organizations and Agreements, Fareed S. Alasaly, to discuss cooperation in agriculture, industrial development, human resource development, livestock, and food security.
Both sides agreed to strengthen collaboration, while the commerce minister proposed partnerships between leading Pakistani and Saudi businesses to explore emerging trade opportunities in African markets.
In a separate meeting with Tunisia’s Minister of Trade and Export Development, Samir Abid, Jam Kamal discussed expanding bilateral trade and industrial cooperation. Both ministers acknowledged that trade between the two countries remains below its potential and called for coordinated efforts to strengthen commercial ties.
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