Prospects for Improved Egypt-Sudan Trade Ties

The Eshkeet crossing on the Egyptian-Sudanese border. Asharq Al-Awsat
The Eshkeet crossing on the Egyptian-Sudanese border. Asharq Al-Awsat
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Prospects for Improved Egypt-Sudan Trade Ties

The Eshkeet crossing on the Egyptian-Sudanese border. Asharq Al-Awsat
The Eshkeet crossing on the Egyptian-Sudanese border. Asharq Al-Awsat

Egypt and Sudan have concluded trade talks described as successful following months of chill in the economic relations of the two neighboring countries.

Sudanese Minister of Trade Hatim Al-Sir, who was in Egypt to attend a forum in the resort of Sharm el-Sheikh, met with his Egyptian counterpart Tareq Qabil in Cairo on Thursday.

The two ministers discussed ways to revive economic agreements between the two countries.

They agreed to hold technical meetings at the level of experts, followed by a joint ministerial committee meeting in order to announce a trade and economic deal that solves all pending issues.

Trade relations between the two countries suffered from a chill after Sudan’s ban last year of the import of Egyptian products. This prompted a similar move by Cairo which stopped the entry of several Sudanese products that used to reach the Egyptian market without permits and licenses.

Following Thursday’s talks with Qabil, Al-Sir said that the Sudanese leadership is keen on the reactivation of trade ties and the increase in trade volume with Egypt.

As for the Egyptian minister, he stressed Cairo’s keenness on activating and implementing agreements signed between the two countries.



Saudi Arabia's Arab League Trade Exceeds SAR87 Billion in Q4 2024

 The Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024 -File Photo
The Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024 -File Photo
TT
20

Saudi Arabia's Arab League Trade Exceeds SAR87 Billion in Q4 2024

 The Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024 -File Photo
The Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024 -File Photo

Saudi Arabia's trade with Arab League nations, including the Gulf Cooperation Council (GCC), reached SAR87,768 billion in the fourth quarter of 2024, representing 17.2% of the Kingdom's total global trade of SAR510,974 billion. This trade volume demonstrates a 6.2% annual growth rate, exceeding the Q4 2023 figure of SAR82,679 billion by over SAR5 billion, SPA reported.
According to the General Authority for Statistics' quarterly International Trade Bulletin, the Kingdom's trade surplus with Arab League countries, including the GCC, significantly increased to SAR30,461 billion in Q4 2024, up from SAR22,185 billion in the same period of 2023, marking a 37.3% annual growth.
Saudi Arabia's total exports to Arab League countries amounted to SAR59,114 billion. Of this, SAR39,507 billion were destined for GCC nations, accounting for 14.2% of the Kingdom's total global exports of SAR277,932 billion. Exports to non-GCC Arab League countries reached SAR19,607 billion, representing 7.1% of total exports.
Saudi Arabia's imports from Arab League countries totaled SAR28,653 billion, or 12.3% of total imports. Within this, SAR18,354 billion came from GCC countries, and SAR10,298 billion from other Arab League nations. The Kingdom's total global imports were SAR233,042 billion.
The United Arab Emirates emerged as Saudi Arabia's top Arab export destination in Q4 2024, with exports exceeding SAR23,512 billion. Bahrain followed with SAR8,423 billion, Egypt with SAR8,353 billion, Oman with SAR4,434 billion, and Jordan with SAR2,999 billion.