Egyptian Minister of Trade and Industry Nevine Gamea announced Sunday that trade exchange between Egypt and Iraq has moved on positively despite the coronavirus pandemic, with the the total volume of trade exchange between Egypt and Iraq amounting to US$747.6 million last year, compared to $551.3 million in 2019 – an increase of 36 percent. The value of Egyptian exports to Iraq amounted to $421.7 million last year compared to $411.4 million in 2019, an increase of three percent. This came during Gamea’s statements after talks with her Iraqi counterpart Alaa al-Jubouri, during her official visit to Iraq. Iraqi Minister of Industry and Minerals Manhal Aziz al-Khabbaz and the Egyptian Ambassador to Iraq, Waled Ismael, participated in meetings. Egypt’s contribution to the support and development of the Iraqi industry is an important step towards fixing the imbalance in Iraqi trade with many countries of the world, which will bring balance for the Iraqi economy, he said.

Source: Egypt Independent July 05, 2021 08:13 UTC