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Khaled Makarim, president of the Egyptian Chemical Products and Fertilizer Export Association (CFEC), said that in 2016 the association intends to export 30 billion Egyptian pounds of products to African countries, accounting for more than 20% of its total product exports.
The association's exports account for more than 25% of Egypt's total exports, and its current exports to Africa are 4.
3 billion Egyptian pounds.
Affected by the shortage of natural gas, in the first nine months of 2015, exports of Egyptian chemical and fertilizer products fell by 15%.
The total export volume of Egypt's chemical industry in 2015 was approximately US$2.
9 billion, a 30% decrease from 2014 (US$4.
2 billion).
The Egyptian Chemical Products and Fertilizer Export Association has signed an agreement with the Egyptian Export Support Fund, which will bear 50% of the association’s transportation costs for non-exported products.
The Egyptian industry is generally optimistic about the development potential of the African market.
The World Economic Forum believes that the gross national product of sub-Saharan African countries will increase by 35.
7%, reaching US$1.
9 trillion in 2017.
The Egyptian Medical Industry Export Council (ECMI) also plans to increase Egypt’s exports of medicines and medical supplies to Africa from Egypt’s 6 billion Egyptian pounds in 2015 to 7.
2 billion Egyptian pounds in 2016, and to formulate an export plan for Africa from 2016 to 2030.
Increase export to Africa and medical cooperation.
The association's exports account for more than 25% of Egypt's total exports, and its current exports to Africa are 4.
3 billion Egyptian pounds.
Affected by the shortage of natural gas, in the first nine months of 2015, exports of Egyptian chemical and fertilizer products fell by 15%.
The total export volume of Egypt's chemical industry in 2015 was approximately US$2.
9 billion, a 30% decrease from 2014 (US$4.
2 billion).
The Egyptian Chemical Products and Fertilizer Export Association has signed an agreement with the Egyptian Export Support Fund, which will bear 50% of the association’s transportation costs for non-exported products.
The Egyptian industry is generally optimistic about the development potential of the African market.
The World Economic Forum believes that the gross national product of sub-Saharan African countries will increase by 35.
7%, reaching US$1.
9 trillion in 2017.
The Egyptian Medical Industry Export Council (ECMI) also plans to increase Egypt’s exports of medicines and medical supplies to Africa from Egypt’s 6 billion Egyptian pounds in 2015 to 7.
2 billion Egyptian pounds in 2016, and to formulate an export plan for Africa from 2016 to 2030.
Increase export to Africa and medical cooperation.