Egypt and Hungary are looking to deepen their economic ties, building on a 16.9% increase in bilateral trade last year. Ahmed Samir, Egypt’s Minister of Trade and Industry, met with Marton Nagy, Hungarian Minister of National Economy, in the New Administrative Capital to discuss ways to enhance trade, investment, and industrial cooperation.
Trade between the two countries reached $379m in 2023, up from $324m in 2022. Key exports include plastics, chemicals, agricultural products, electronics, and machinery.
Samir emphasised Egypt’s desire to strengthen cooperation with Hungary under the Egyptian-European Partnership Agreement, highlighting the long history of collaboration between the two nations. He also noted the potential for increased Hungarian investment in Egypt, particularly in the pharmaceutical and transportation sectors.
Nagy expressed Hungary’s eagerness to build…
