Asharq Al-awsat English Middle-east and International News and Opinion from Asharq Al-awsat Newspaper

Business Council Calls for Setting up Sea Lane between Egypt,Tunisia

Business Council Calls for Setting up Sea Lane between Egypt,Tunisia

Monday, 22 April, 2019 - 12:30
Products are displayed at a vegetable market in Cairo, May 13, 2018. (Reuters)
Cairo - Asharq Al-Awsat

The Egyptian-Tunisian Business Council underlined the need to establish a sea lane to facilitate trade between the two countries as part of the council’s plan to increase trade to USD500 million.

Chairman of the Egyptian Businessmen Association Ali Issa called for translating the unique ties between the two countries into tangible projects that serve development and achieve the people's interests.

The second Egyptian-Tunisian Business Council was held in Cairo on Sunday.

Chairman of the Egyptian side of the Council Abdul Alim Nawara said that it seeks to increase joint cooperation in agriculture, industry and trade. It also wants to benefit from both countries' strength in investment, commerce and export.

President of the Confederation of Tunisian Citizen Enterprises (Connect) Tarak Cherif said Egypt and Tunisia were in agreement over the need to achieve effective economic integration given the surrounding regional conditions.

Head of the Tunisian side of the Joint Business Council Gabr Al-Hawat stressed that the businessmen agreed on the importance of increasing trade exchange to USD500 million.

Chairman of the General Authority for Investment and Free Zones (GAFI) Mohsen Adel said the Tunisian delegation will be hosted on Monday at the authority’s headquarters to brief them on Egypt’s investment plans. He stressed that the food industries sector could be a platform to achieve a surplus in trade exchange and increase mutual investments.

Meanwhile, Tunisia's Ambassador to Cairo Najib al-Munif said that the huge cooperation among businessmen and resolving challenges that hinder trade would translate solid ties into economic interests and open new prospects in other countries.

Editor Picks