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12 agreements signed between Chinese and Egyptian companies

Updated: Jan 20,2016 9:26 PM     Xinhua

CAIRO — A Chinese trade delegation led by the Ministry of Commerce signed 12 agreements on Jan 19 with Egyptian companies in Cairo, with the total contract value reaching $60.4 million.

Ranging from olive oil, fruits, medical equipments, metal products, chemical materials, to textile raw materials, the involving Egyptian companies are those with comparative advantages.

“I wish companies from both sides can make full use of this platform to deepen mutual understanding and to expand cooperation potentials,” said Wang Dongtang, a senior official from the Ministry of Commerce, noting that China and Egypt have complementary advantages in trade and economy.

For his part, Ali Ellaithy, the First Undersecretary of Egyptian Ministry of Trade and Industry, said that sending a trade delegation to Egypt was a practical measure to strengthen the trade and economic connections between Egypt and China.