[Week 32, 2011] Egyptian Traders Welcome to China's Canton Fair
2011-August-3 Source: China View website
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A senior Chinese trade official said in Cairo July 26 that Egyptian traders are welcome to attend the 110th Canton Fair scheduled for October in China's southern Guangzhou city.

Deputy Secretary General of the Foreign Trade Department of China's Ministry of Commerce Wen Zhongliang, told Egyptian entrepreneurs that Chinese commodities maintained their competitiveness with good quality and fair prices.

"The growing Chinese market also offers opportunities for Egyptian exporters," said Wen.

In 2010, the value of Chinese exports to Egypt was 6.04 billion USD, 18.2 percent up year-on-year. In the first five months this year, Chinese exports to Egypt reached 2.42 billion USD, while imports from Egypt hit 790 million USD.

According to the Chinese official, Egypt has become China's fifth largest trade partner in Africa. At the 109th Canton Fair held from April 15 to May 5 this year, more than 2,200 Egyptian businessmen attended the fair and bought goods worth 440 million USD, Wen said.

Sameh Zaki, member of the Cairo Chamber of Commerce, told Xinhua News Agency that the Canton Fair is especially important for Egyptian companies. Egyptian traders attend the fair every year and hope to expand exports of goods like marble, garment and cotton to China via the fair, said Zaki.

 

Editor: Olivia
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