(Ecofin Agency) - In 2017, the volume of trade between Egypt and European Union (EU) reached €28 billion while it was €27.3 billion a year earlier. This was revealed last April 20 by the Egyptian ministry of trade and industry, Tareq Kabil (photo).

The official indicated that this increase is partially the result of an increase by 21% in the country’s exports towards the EU, standing at €8.1 billion during the period under review against €6.7 billion in 2016.

Furthermore, the minister pointed out that the institution is Egypt’s major economic and trade partner and captures 22.7% of exports towards external markets.