Eng. Ahmed Samir, the Egyptian Minister of Trade and Industry, held an extensive session of talks with Dr. Abbas Hajj Hassan, the Lebanese Minister of Agriculture, which reviewed means of developing and developing joint economic cooperation relations and the possibilities of benefiting from the great potentials of the two countries in establishing investment partnerships that are in the interest of the two brotherly peoples and the Egyptian and Lebanese economies alike. The meeting was held with Ali Al-Halabi, the Lebanese ambassador to Cairo, and Wajih Amouri and Ahmed Samad, advisors to the Lebanese Minister of Agriculture.
The Egyptian minister said that Egypt and Lebanon have historical bilateral relations in various fields and at all levels, pointing out that the permanent communication between the business communities of the two countries contributed to the establishment of joint cooperation projects in a large number of production and service sectors.
Samir referred to the Ministry’s keenness to provide all aspects of support and assistance to Lebanese investments in Egypt, and to establish more investment opportunities for Lebanese investors, especially in the field of agricultural processing to produce for the local market and export to foreign markets, noting in this context that the talks session confirmed the consensus of visions between the two Egyptian governments. and Lebanese to facilitate the entry of agricultural products between the two countries, in a way that contributes to increasing intra-trade rates.
He explained that trade exchange between the two countries increased by 33% during 2021, reaching $502 million, compared to about $378 million in 2020, noting that Egyptian exports to Lebanon increased by 18%, recording $329 million in 2021, compared to $280. million dollars in 2020.
For his part, Dr. Abbas Hajj Hassan, the Lebanese Minister of Agriculture, affirmed that the State of Lebanon appreciates the directives of President Abdel Fattah El-Sisi to facilitate the entry of Lebanese exports to the Egyptian market, pointing to the commitment of the State of Lebanon to the various agreements concluded with the Egyptian government aimed at facilitating the movement of trade exchange between the two countries.
He pointed to the pivotal role of the Egyptian state as a pillar of stability in the Arab region and a major supporter of promoting joint Arab action, noting that the importance of strengthening joint efforts to deepen Egyptian-Lebanese relations and advance them to broader horizons serves the interests of the two brotherly peoples.