Kazakhstan may take up to 5% of Egyptian imports of meat

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Chamber of Commerce of Kazakhstan and the Center for the industrial modernization of Egypt signed a memorandum of cooperation

The signing ceremony took place at the site of the National Chamber of Entrepreneurs of Kazakhstan "Atameken". The delegation was represented by guests Ambassador of the Arab Republic of Egypt to Kazakhstan Haytham Kamel, the executive director of the Industrial Modernization Center of Egypt, who is also the Commissioner General of EXPO Astana - 2017 Ahmed Taha and others. From Kazakhstani side, the meeting was attended by the chairman of the Chamber of Commerce of Kazakhstan Ayan Erenov and his deputy Nuraly Bukeikhanov.

According Bukeikhanov, the memorandum will allow Kazakh companies to deepen bilateral cooperation, to open up new export opportunities in the first place, the national agricultural and food products. "Egypt is the largest importer of lamb and beef. Taking into account the changed rate of tenge and fuel prices, it is currently profitable for entrepreneurs to export lamb in Egypt and the Middle East, including air transport. Egypt imports about 100 thousand tons of meat annually. We believe that Kazakhstan may take up to 5% of this amount, that is, to export 5 thousand tons of meat per year", - he said.

The representative of CC said that the main trade turnover between Kazakhstan and Egypt currently consists of pharmaceutical products, supplied by the Egyptian side, as well as raw materials and oil products from our side. However, according to Bukeikhanov, there is a huge potential for exports of agricultural products from Kazakhstan to Egypt in addition to mutton, these are dairy products, wheat, flour. "All entrepreneurs who are interested in this cooperation may apply to Chamber of Commerce of Kazakhstan, where they will be assisted in entering the markets of Middle East", - he added.

"The main purpose of signing the Memorandum - is the intensification of cooperation between our countries in the sphere of trade, economy and industrialization. As part of EXPO in Astana will also be held a variety of events with participation of Kazakhstani and Egyptian companies, which will also give impetus to the development of our relations", - he said, in turn, Ahmed Taha.
Trade turnover between the two countries last year amounted to 49 million dollars. Of these, 17 million - is import of Egyptian products in Kazakhstan, the remaining amount - the export of Kazakh products to Egypt.