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Egypt's Exports to South Korea Increase by 62%

Minister of Trade and Industry Nivine Gamea. (Reuters)
Minister of Trade and Industry Nivine Gamea. (Reuters)
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Egypt's Exports to South Korea Increase by 62%

Minister of Trade and Industry Nivine Gamea. (Reuters)
Minister of Trade and Industry Nivine Gamea. (Reuters)

The value of trade exchange between Egypt and South Korean increased by 46.9% in the first 10 months of 2021, amounting to $890 million, compared to $286.6 million during the same period in 2020, Egypt’s trade minister announced Sunday.

During the same period in 2021, Egypt’s exports to the South Korean market rose by 62.3 percent to reach $531.5 million, up from $327.5 million during the same period in 2020, Minister of Trade and Industry Nivine Gamea said during a virtual meeting with her South Korean counterpart Yeo Han-Koo.

The products exchanged mainly include oil products, cement, granite, aluminum, ready-made garments, machines and equipment, as well as cars and medical devices, Gamea noted.

Cairo is keen to develop joint economic cooperation ties with South Korea to unprecedented levels, the minister stressed.

South Korea is considered one of Egypt’s key trade partners in the Eastern and Southeastern Asia region and a major source for transferring advanced industrial expertise and technologies to the Egyptian industry, she continued.

Visits between both countries’ senior officials have recently intensified, she noted.

Gamea said President Abdel Fattah al-Sisi’s visit to the Korean capital, Seoul, in 2016 had paved the way for the launch of a new phase of distinguished bilateral ties in various fields and at various levels.

Yeo, for his part, said South Korea hails the great success achieved by the Egyptian economic reform program and its positive contribution to the economy.

He pointed to the 3.6% growth rate in 2020 despite the coronavirus pandemic and its negative repercussions on various global economies.

The Korean government is keen to boost joint cooperation with its Egyptian counterpart in the fields of trade, investment, industry, energy, health, and specifically in means of addressing the pandemic, the minister stated.

He pointed to the importance of joint bilateral cooperation in the areas of trade facilitation and supply chain development to achieve economic recovery for both countries in light of the pandemic.

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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)

Dr. Abdul Hakim Elwaer, Assistant Director-General of the Food and Agriculture Organization (FAO), stated that the organization will take an active role at COP16, the UN conference on combating desertification, scheduled to take place in Saudi Arabia in early December.

In remarks to Asharq Al-Awsat, he expressed confidence that the conference—the first of its kind in the Middle East—would produce significant outcomes.

Elwaer’s comments came during a roundtable organized by FAO’s regional office in Cairo, attended by a select group of media representatives. The session focused on FAO’s participation in the upcoming conference and the importance of the Rio Trio —the integrated framework of the three major UN conventions addressing climate change, biodiversity conservation, and desertification.

Fida Haddad, FAO’s Program Officer for Land Rehabilitation and Climate Change, highlighted the interconnectedness of the three conventions and noted that COP16 would place a strong emphasis on land and water rehabilitation and their sustainable management.

Haddad pointed out that approximately 90% of the Middle East is affected by arid conditions. Despite this, local communities and Arab governments have made notable progress in addressing desertification and drought. She also announced that, for the first time, FAO has successfully placed food systems on the COP16 agenda, enabling discussions on how land rehabilitation can enhance food supply chains and systems.

Elwaer underscored FAO’s central role in achieving the second Sustainable Development Goal (SDG): eradicating hunger. He emphasized that FAO actively engages in the UN conventions on climate change, biodiversity, and desertification, which collectively contribute to this mission.

FAO’s focus, according to Elwaer, is on transforming food and agricultural systems to become more inclusive, efficient, and sustainable, aiming for better production, nutrition, and livelihoods. He highlighted the organization’s success in integrating these priorities into the agendas of the three conventions and collaborating with host countries on joint initiatives.

He further noted that Saudi Arabia’s hosting of COP16 is particularly significant for the region, which faces pressing challenges such as water scarcity, desertification, and food insecurity. The conference presents an opportunity for Middle Eastern nations to highlight these issues, explore solutions, and ensure their inclusion in global environmental discussions, not only at this event but in future COP sessions, he underlined.

Elwaer emphasized the growing global attention on desertification, as it is now impacting regions previously unaffected, such as southern Europe and parts of Latin America. These areas are witnessing alarming declines in arable land and forests, prompting them to seek lessons from the Arab world, which has developed resilience strategies to combat desertification over centuries.

FAO will have a strong presence at COP16, with two dedicated pavilions—one in the Blue Zone for official delegations and another in the Green Zone to engage civil society and conference participants, he said.

He added that in collaboration with Saudi Arabia and the UN, FAO will lead coordination on Food Day and Governance Day, scheduled for December 5 and 6, respectively. The organization will also participate in other specialized sessions throughout the conference.