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Tuesday, August 09, 2005

Egypt: Trade with Ethiopia up 21%

Arabic News.com -- Bilateral trade with Ethiopia registered an increase of 21 per cent in 2005. The trade presentation office at the Egyptian embassy in Addis Ababa showed that Egyptian exports to Ethiopia within the first six months of the present calendar year are at $22 million, a rise from $17 million.in 2004.

Meanwhile, Egyptian imports from Ethiopia are $77,000 in 2005 against $848,000 in 2004.

In a related development, in order to assist Ethiopia with its current food problems, Foreign Minister Ahmed Abul-Gheit instructed the Egyptian Fund of Technical Cooperation to send 70 tons of Egyptian foodstuffs, flour, rice and oil to Ethiopia to help them avoid starvation.

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