Turkey is beginning to join the negotiation with EU formally and prepare to sign a free trade agreement with Egypt.
The agreement is aiming to double both sides trade and generate bargaining value to 1billion USD within one year.
The agreement is aiming to double both sides trade and generate bargaining value to 1billion USD within one year.
Last year, the export of Turkey reach 29.46billion USD, including fashion, food, textile, metal product and transportation equipment while Turkey s import reach 94.5billion USD, the import products including mechanism, chemical product and fuel. Textile and fashion department is Turkey s biggest industry department while auto and electronic products are also becoming the central import commodities.
Egypt s main export products are crude oil, cotton, textile, metal product and chemical product, its import value reaching 19.21billion USD, the import products including mechanism, food, chemical products, timber and fuel.
The cheap ready wear imported from Turkey can make Egypt local manufacturers lose market, therefore, in short order; Egypt s fashion industry can not compete with Turkey s company.
On the other side, Egypt local consumers can get cheaper commodities. Free trade agreement between Egypt and Turkey can not promote tourism and construction service while Egypt has more advantages in this side.
The agreement is aiming to double both sides trade and generate bargaining value to 1billion USD within one year.
The agreement is aiming to double both sides trade and generate bargaining value to 1billion USD within one year.
Last year, the export of Turkey reach 29.46billion USD, including fashion, food, textile, metal product and transportation equipment while Turkey s import reach 94.5billion USD, the import products including mechanism, chemical product and fuel. Textile and fashion department is Turkey s biggest industry department while auto and electronic products are also becoming the central import commodities.
Egypt s main export products are crude oil, cotton, textile, metal product and chemical product, its import value reaching 19.21billion USD, the import products including mechanism, food, chemical products, timber and fuel.
The cheap ready wear imported from Turkey can make Egypt local manufacturers lose market, therefore, in short order; Egypt s fashion industry can not compete with Turkey s company.
On the other side, Egypt local consumers can get cheaper commodities. Free trade agreement between Egypt and Turkey can not promote tourism and construction service while Egypt has more advantages in this side.
