Overseas Trade: Egypt

(asked on 18th April 2017) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps his Department is taking to increase trade with Egypt.


Answered by
Mark Garnier Portrait
Mark Garnier
Shadow Parliamentary Under Secretary (Work and Pensions)
This question was answered on 24th April 2017

The UK is Egypt’s largest foreign direct investor and is a longstanding trading partner. To increase trade and investment further, the Department for International Trade (DIT) works with UK companies already in Egypt and supports those exploring the market for the first time. UK Export Finance has increased its country limit to support UK trade with Egypt to £750m and guarantees approved loans to Egyptian buyers denominated in Egyptian Pounds. The Prime Minister’s Trade Envoy, Sir Jeffrey Donaldson, works with DIT to promote UK trade and investment with Egypt. In addition, five UK trade delegations have visited Egypt over the last year.

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