Egypt needs to take real action on promoting its investment, business potentials to make the most of Egypt-UK deal: official

Egypt needs to take real action on promoting its investment, business potentials to make the most of Egypt-UK deal: official

Egypt's government still needs to take real actions on the ground to promote investment and business opportunities.

Egypt has to help UK businesspersons recognise these opportunities and make the most of the benefits of the Egypt-UK trade deal that has come into effect since the beginning of January, said Ahmed Ezz El-Din, vice president of the Fed International for Industry and Trade.

Ezz El-Din made his comments during a panel held virtually on Tuesday by the British Egyptian Business Association, attended by Ahram Online, to discuss the opportunities the deal offers for the UK and the Egyptian business communities.

He noted that agribusiness and the foodstuff sector are some of the most promising sectors in Egypt to attract UK investments and business, especially that 40 percent of the UK's foodstuffs is imported.

He also added that the trade deal between the two countries is a significant opportunity for Egyptian exports to thrive.

Meanwhile, Paul Mullard, senior trade policy advisor at the UK's Department of International Trade stressed that the deal came to boost bilateral trade relations between the two countries, adding that businesspersons in the UK need to hear from the business community in Egypt to recognise the potentials