Egypt invites Pakistani firms to manufacture there for US market access
Egypt has invited Pakistani companies to set up manufacturing operations in the country and use its preferential trade arrangements with the United States. The offer came during meetings with Commerce Minister Jam Kamal Khan in Istanbul.
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- Egypt invited Pakistani firms to set up manufacturing there
- Access to the US market would come through Egypt's preferential trade arrangements
- Talks took place on the sidelines of the 42nd COMCEC session in Istanbul
- Jam Kamal Khan also met Saudi and Tunisian officials
Egypt has invited Pakistani companies to establish manufacturing operations in the country so they can benefit from its preferential trade arrangements with the United States, according to Business Recorder and ProPakistani.
The offer came when Federal Commerce Minister Jam Kamal Khan met Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh, on the sidelines of the 42nd session of COMCEC in Istanbul, Türkiye.
The two ministers discussed expanding bilateral trade, investment and industrial cooperation, with a particular focus on the cotton and textile sectors.
Saleh said Pakistani investors could set up manufacturing facilities in Egypt and reach the American market, subject to applicable trade requirements. He also asked for details of the Pakistani companies expected to take part in an upcoming business forum.
Saleh also pointed to affordable educational opportunities in Egypt for Pakistani students in science, technology, medicine, healthcare and engineering.
Jam Kamal Khan stressed the need to develop joint ventures between private companies in Pakistan and Egypt, especially in textiles and manufacturing.
The minister also held other meetings. With Saudi Arabia's Deputy Governor for International Organizations and Agreements, Fareed S. Alasaly, he discussed cooperation in agriculture, industrial development, human resource development, livestock and food security. Both sides agreed to strengthen collaboration, and Jam Kamal Khan proposed partnerships between leading Pakistani and Saudi businesses to explore trade in African markets.
He also met Tunisia's Minister of Trade and Export Development, Samir Abid. Both ministers acknowledged that trade between their countries remains below its potential and called for coordinated efforts to strengthen commercial ties.
Background
khabr.pk reported on 5 November that Jam Kamal Khan met Türkiye's trade minister on the sidelines of the 42nd COMCEC session in Istanbul. He also held separate meetings with officials from Saudi Arabia, Egypt and Tunisia.
Why it matters
Pakistani manufacturers and exporters, especially in textiles and cotton, are the most directly concerned by the offer. Production in Egypt would, according to Egypt's minister, give them a route to the US market under Egypt's trade arrangements, subject to applicable requirements. The proposed joint ventures and the upcoming business forum could involve private companies from both countries.
