Trade Agreement Between Egypt And China

[16] “Egypt has signed a $1.24 billion urban rail agreement with AVIC, China Railway Group – Xinhua,” Reuters, August 16, 2017, www.reuters.com/article/china-egypt-railway-idUSL4N1L23JR. China is Egypt`s largest trading partner with a bilateral trade volume of $10.58 billion in the first 10 months of 2019, mainly present in Chinese exports to Egypt. Egyptian exports to China are mainly agricultural crops such as oranges, grapes and dates. [38] “Egypt`s non-oil private sector is shrinking to its slowest level in more than two years: PMI,” Reuters, December 3, 2019, www.reuters.com/article/us-egypt-economy-pmi/egypts-non-oil-private-sector-shrinks-to-slowest-in-over-two-years-pmi-idUSKBN1Y70F2. [25] “Egypt, Chinese GCL resumes talks on solar panel complex,” Arab Finance (Cairo), 11. novembre 2018; Ägypten, China erwägen die Einrichtung eines Solarmodulkomplexes », Energy Monitor Worldwide (Amman), 12. janvier 2019; « Assar Tours Chinese Companies for Cooperation in Production of Solar Panels in Egypt », Middle East Business News (Kairo), 3. Mai 2019. LexisNexis; und Fatma El-Bakry, « Egypt eyes Chinese companies for solar-power projects, AI technology », Egypt Today, 3 mai 2019, www.egypttoday.com/Article/3/70003/Egypt-eyes-Chinese-companies-for-solar-power-projects-AI-technology. [41] « Der bilaterale Handel zwischen China und Ägypten erreicht in sieben Monaten 5,2 Milliarden US-Dollar », Mubasher, 26.

Août 2020. LexisNexis. [9] « Tianjin: China’s Hi-tech and Manufacturing and Logistics Hub », China Briefing, 30. Décembre 2015, www.china-briefing.com/news/tianjin-chinas-high-tech-manufacturing-and-logistics-hub/. The nascent economic relations between China and Egypt have been underpinned by “strategic synergies” between the belt and road initiative (BRI) of the former and the “Vision 2030” of the latter[26], supported by the mutual commitment to non-interference in each other`s internal affairs and strengthened by the strong personal support of both President Xi Jinping and President Sisi. [42] Egypt and the China Fortune Land Development Company regarding a $20 billion project in the new administrative capital came to a halt in December 2018 due to differences in revenue participation. See “Discussions with Chinese developer fail on Egypt`s new capital in the desert,” Global Construction Review, December 17, 2018, www.globalconstructionreview.com/news/talks-fail-chinese-developer-over-egypts-new-capit/. “The potential for investment and trade between Egypt and China is so promising, especially under the BRI,” Sharaf told Xinhua, noting that huge Chinese companies are currently conducting mega-infrastructure projects in Egypt and mutual cooperation will continue in the coming period. Egypt is a signatory to several multilateral trade agreements: he mentioned the Central Business District project in Egypt`s new administrative capital, built by a Chinese company as a model for infrastructure cooperation between Egypt and China. . . .