The ambassador asserted that Japanese companies are interested in the manufacturing sectors for example, and automotive industry companies. “Japanese automotive industry companies are interested in enlarging their presence in Egypt ,but to do that probably we will need a clear signal about the free trade agreement policy,” mentioned the ambassador. “If you have a free trade agreement, you can import from Europe, Turkey and other countries tax-exempt, and companies have to decide whether to export from your free trade partners or invest and produce here in Egypt,” noted the ambassador. In order to invest here in automotive production, Japanese companies have to be sure that it is more rewarding to produce here than to export from free trade partners, affirmed the ambassador. The ambassador said that Japan Association on Travel Agents (JATA) is organising a visit to Egypt, adding, “I encouraged JATA to come to Egypt as early as possible.

Source: Daily News Egypt November 26, 2018 18:33 UTC