The Philippines and Egypt are mulling possible trade and investment opportunities for both nations, the Department of Foreign Affairs (DFA) said Wednesday, Oct. 27.
Philippine Ambassador to Egypt Ezzedin H. Tago met with Cairo Chamber of Commerce Vice President Ahmed El-Wasimi, Secretary General and Chief Executive Khaled M. Mostafa, and Senior Public Relations Specialist Mohamed Samir Fahmi on Oct. 24 to discuss the possibilities of forming a pact for the benefit of both countries and their people.
It was disclosed that during the meeting, the two sides discussed trade and investment opportunities between the Philippines and Egypt, particularly in pharmaceutical products, agricultural and food produce, as well as human resources.
"Tago and El-Wasimi agreed that there are discoveries to be made in terms of two-way trade and investments," the DFA said.
"The Philippine Embassy in Cairo and the Cairo Chamber of Commerce agreed to enhance economic bilateral relations and share information on the countries’ trade regulations and investment opportunities," the Foreign Affairs department added.
Tago was received by El-Wasimi during the recent meeting on behalf of Engr. Ibrahim El-Araby, the president of the Cairo Chamber of Commerce.