Egypt-Serbia economic relations improving significantly: PM Madbouly

MENA , Monday 6 Feb 2023

Prime Minister Mostafa Madbouly said Egypt-Serbia relations are developing, pointing out to President Abdel-Fattah El Sisi’s visit to the Balkan country in July 2022.

Prime Minister Mostafa Madbouly and former President of Serbia Boris Tadi in their meeting in Cairo on Monday. Photo : Egyptian Cabinet


This visit represented a major impetus to relations between both countries in a way that helped increase the level of bilateral cooperation, Madbouli added during his meeting on Monday with former Serbian president Boris Tadić and his accompanying delegation.

The prime minister noted that Egypt-Serbia economic relations are improving significantly, adding that Cairo is looking forward to fostering cooperation with Belgrade in a number of fields, including agriculture.

He also talked about the effects of successive global developments, most notably the coronavirus pandemic and the Russia-Ukraine crisis, on economic conditions and the supply of food commodities to various countries of the world.

Meanwhile, the former Serbian president stressed his aspiration to promote cooperation with Egypt in the agricultural field through a proposal to establish a joint company to invest in this sector.

The proposal targets long-term Egyptian investment in the production of grains -- especially wheat, corn and sunflower -- given that the Balkan region is one of the largest exporters of those products.

The exchange of trade between Egypt and Serbia reached  $79.7 million in 2021 including $42.2 million in exports from Egypt.


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