The volume of trade exchange between Egypt and Romania reached $900 million during the current year, reveals Eng. Hassan El Shafei, chairman of the Egyptian Romanian Business Council.
El Shafei made his remarks on the sidelines of the 33rd meeting of the Council on Tuesday.
He says that the trade exchange between the two countries had witnessed a constant growth, especially in the recent period, reports Egypt-based Youm7.
He adds: “The most prominent Egyptian exports to Romania are rice, fertilisers, food, dairy products, cheese, olives and juices, while imports from Romania include chemicals, spare parts and agricultural tractors.
El Shafei says the size of Egyptian investments in Romania “exceed €1 billion per year and are concentrated mostly in the establishment of tourist resorts, rice mills and casting factories, while the Romanian investments in Egypt go down to €200m and are mostly in the establishment of fertiliser plants and other assembly industries.”
($1 = AED3.67, €1 = AED3.95, at the time of publishing)