Saturday, December 11, 2010

Vietnam sees Egypt potential market for agro-forestry, fisheries

Vietnam sees Egypt potential market for agro-forestry, fisheries

Vietnamese businesses can open their representative offices and ask for
licences for aquaculture and agro-forestry and fisheries product
processing in Egypt to benefit from the country’s export preferential
policies to other Middle East markets, said an Egyptian official.


Addressing a seminar on enhancing Vietnam-Egypt
agro-fisheries cooperation held in Cairo, Egypt, on Sept. 26, Head of
the Federation of Egyptian Chambers of Commerce’s External Relations
Section Hosam Baharia said two-way trade will increase fast as Egypt has
a big demand for coffee, tea and other farm products and Vietnam’s
high-quality and diversified products will meet Egyptian consumers’
different tastes.


For his part, Deputy Minister
of Agriculture and Rural Development Diep Kinh Tan said that two-way
trade between the two countries recorded a year-on-year rise of 24
percent to more than 200 million USD last year with Vietnam ’s
seafood exports making a large proportion.


In
the context of the global economic crisis and unfavourable information
on Vietnam ’s seafood quality in Egypt in the past, the increase is a
positive sign of the two countries’ cooperation potential, reflecting
Vietnam ’s seafood quality and prestige to Egyptian consumers, Tan
said.


The result was attributable to the
exchange of information and working delegations and other trade
promotion activities, he said.


He went on to say
that Egypt highly valued Vietnam ’s environmental-friendly
agro-forestry and fisheries production process that meets quality and
hygienic safety requirements.


Apart from
fisheries, Vietnamese businesses expect that their cashew nuts, pepper
and coffee will penetrate Egypt with a population of around 85 million
people and other Middle East markets.


Vietnam ’s agro-forestry and fisheries export revenues has increased
over recent years to almost 16.5 billion USD by the end of 2009.
Vietnam ’s seafood has been exported to more than 150 countries and
territories. However, Vietnam ’s agro-forestry and fisheries
market-share at Northern Africa, especially Egypt , remained modest
and failed to meet the two countries’ potential and demand.


While in Cairo from Sept. 25-28, a number of Vietnamese
businesses participated in the Agriculture and Food International
Exhibition in Cairo./.

Related Articles

No comments: