Egyptian businessmen interested in making investments in Macedonia.Egypt Egypt (ē`jĭpt), Arab. Misr, biblical Mizraim, officially Arab Republic of Egypt, republic (2005 est. pop. 77,506,000), 386,659 sq mi (1,001,449 sq km), NE Africa and SW Asia. and Macedonia Macedonia, country, Europe
Macedonia (măs'ədō`nēə), Macedonian Makedonija, officially Republic of Macedonia, republic (2005 est. pop. 2,045,000), 9,930 sq mi (25,720 sq km), SE Europe. have not yet signed a free trade agreement and in order to improve mutual cooperation, cooperation between the two countries' private sectors should be established first. Egyptian businessmen scanning the business climate in the region say that Albania Albania (ălbā`nyə), Albanian Shqipëria or Shqipnija, officially Republic of Albania, republic (2005 est. pop. 3,563,000), 11,101 sq mi (28,752 sq km), SE Europe. and Macedonia are the potential countries in which they would invest their money.
At the moment, Macedonia's trade with Egypt totals 6 million dollars, 5 million dollars of which is import. The most imported goods from Egypt are cotton, salt, and farming products and the most exported products to Egypt are machine parts and rail cars.
"The Macedonian market is particularly appealing to us. We came here to scan the business opportunities because we are interested in making investments. We are examining the conditions for cooperation with all the countries in the region. We have already visited Greece and Albania and are yet to visit Bulgaria and Kosovo," said Ahmed Mashur from the Ektra Consulting Agency.
Businessmen however are sure that without a free trade agreement it be would hard to intensify in·ten·si·fy
v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies
1. To make intense or more intense: cooperation. Therefore, they urge their governments to sign the indispensable agreement as soon as possible.
Egyptian businessmen are looking for partners in the pharmaceutical and textile industries while offering cooperation in the organization of round tours of the Mediterranean countries. They told their Macedonian counterparts that the political crisis in their country had been overcome, and that it was safe to invest there and cooperate with the local companies.
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|Title Annotation:||BUSINESS NEWS|
|Publication:||INFOMAC Daily News Service|
|Date:||Nov 27, 2013|
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