Page 106 - Benaa.Vol01
P. 106
Report
value to its partners if Lebanon non is currently hosting almost area that will work as distribu-
and Africa,” Zayed said. Leba- 1.5 million Syrian refugees tion points for the Egyptian
non is one of the major inves- who share the available job op- products in the African states
tors in Egypt and comes 13 at
portunities and services. There-
which will be part of the joint
BENAA Egypt. The two countries have need to expand and diver- Specially designed due to be
fore, there is an urgent
the list of top investors in
ventures
establish
sify our economic land-
also been tied with several eco-
ready- made
scape to be able to cope
ed. Lithy
nomic deals major among them
garment on the
with the serious challeng-
are the Investments Protection,
pointed
agreement to avoid double tax-
The initiative to Africa
ation and GAFTA that facili- es ahead of us.” way to Africa out that
Arab in-
vestors
are current-
ly studying
means of operat-
ing the marine line
EXPOT COUNCIL BUILDING, REFRACTORY & METALLURGY INDUSTRIES
from Suez to Momba-
sa in Kenya which
will be connected to a The initiative
railway cutting four SA bloc has thus been is meant to tablishment Council for Building Materials
major African states. doubled last year to promote trade of joint ven- in Egypt. He said the initiative
This marine line will reach $2.3 billion and exchange tures will de- will boost the council’s efforts
mostly serve the the exports reached velop and to venture into the African
Egyptian exports tar- $1.7,” he said. promote the trade exchange markets. Local exporters who
geting Ghana, Djibou- The ministry of Trade has thus boosting the Egyptian lost their traditional markets in
ti, Ivory Coast, Ugan- put in action a strategy that de- exports and making better use a region havocked by political
da and Tanzania. pends on three major targets. of the agreements signed with instability and global econom-
Moreover, the minis- Promoting joint cooperation ic slowdown can hardly stand
tates trade exchange among is not only about trade ex- try is working with some major with major African states like the African economic bloc. The alone for the competition of
trade initiative has also topping
Arab states. change it is also about estab- French enterprises in the field Nigeria, South Africa and Tan- the giant Chinese exports.
Alyaa Abbas, Assistant Min- lishing integrated industries of logistics and shipping to rent zania is the first target, while the list of the African business However, the quality of the ex-
ister of Trade and Economy in which is echoed in the two its stores in Africa which will the second is approaching the communities as Amro Freikha, ports maintained by local pro-
Lebanon, said that Lebanese countries efforts to do away give a big boost to the Egyptian western African states where head of the Engineering exports ducers and exporters will cer-
businessmen are looking for- with the obstacles on the road exports. the economic and monetary council, said, adding that major tainly strike a competitive
ward to coordinate their efforts for serious cooperation. Ali The Undersecretary of Trade African states have been receiv- edge in African markets as
with the Egyptian counterparts Lethy, Head of the Trade Au- and Industry, Saeed Abdullah, pool of action lands and the ing Egyptian trade missions stated by Mona Wahba, the
to develop better trade and in- thority, said that a marine line pointed to the fact that Egypt third is enhancing trade ex- round the clock. trade Consultant in Beirut. Ac-
vestments relations… “This in- will soon be launched from signed several agreements with change with major COMESA The Egyptian- Lebanese ini- cording to her the new Egy-
itiative isn’t only about making Suez city to the eastern parts of the African economic blocs like members like Kenya, Mauri- tiative to Africa is a major tian- Lebanese enterprise to be
profits but also on siding by Africa and to South Africa. An- the COMESA which gives the cio’s, Djibouti and Tanzania. step to overcome the ongoing based in Beirut will market
and protecting each other,” She other marine line is also under- country’s exporting products The strategy meets the needs of economic slow in the area and Egyptian products of building
said. According to her, the two way to cover the western part the right to tax exemption in at the Lebanese businessmen re- thus there is a need for serious materials, home appliances,
countries have been witnessing of the continent until Gulf of least 15 countries and with tax siding in Africa as Abbas Faw- work and creative thinking as engineering products, medi-
unprecedented economic and Guinea, in addition to 12 logis- facilities in three more… az, a Lebanese businessman stated by Waleed Gamal- el- cine and food products in the
political challenges… “Leba- tical centers throughout the “Egypt trade with the COME- said. According to him, the es- din, Head of the Exporting African markets.
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