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Egyptian businessmen interested in making investments in Macedonia.

Egypt and Macedonia 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 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 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
Geographic Code:4EXMA
Date:Nov 27, 2013
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