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Steady and Healthy Development of Economic and Trade Cooperation in Egypt By Lanbo Jiang

  in Business | Published 2011-08-28 13:35:08 | 161 Reads | Unrated

Summary

Sino-Egyptian bilateral relations have developed steadily and smoothly in various undertakings, trade and economic cooperation has made gratifying achievements First, rapid development of Sino-Egyptian bilateral trade, a good momentum

Full Content

Sino-Egyptian bilateral relations have developed steadily and smoothly in various undertakings, trade and economic cooperation has made gratifying achievements.

First, rapid development of Sino-Egyptian bilateral trade, a good momentum.

In 2006, bilateral trade volume reached 3.193 billion U.S. dollars, up 48.8%, of which 2.976 billion U.S. dollars on the Egyptian exports, up 53.9%; from Egypt imports 217 million U.S. dollars, up 2.7%. From the trade structure, I mainly exported machinery and electronic products, textile yarn, fabrics and products, apparel and clo
thing accessories, high-tech products, mainly imported marble, crude oil, cotton, steel and other primary products.

Second, Sino-Egyptian Economic Zone project in cooperation Aisuyishi new progress.

I invested 12.5 million U.S. dollars of the non-woven textile machinery plant construction projects progressing smoothly, is expected to be completed by the end of the equipment was delivered and installed at the same time; I invest 2.18 million U.S. dollars in Tianjin, stainless steel project has been to Egypt and all the equipment, being equipment installation and commissioning and trial production; invest 800,000 U.S. dollars in Tianjin White Rose knitted garment replenishment of 1.2 million U.S. dollars project, and replace the plant, it is proposed to further expand the investment scale; Egypt and the third home factory buildings has been completed. In addition, Sichuan Honghua company, Egypt Su Weidi from Egypt joint venture company intends to purchase land for large-scale industrial projects.

Third, the rapid development of China's investment in Egypt.

According to Egypt's statistics, as of October 2006, Chinese enterprises and citizens registered in Egypt to establish joint ventures, wholly-owned company a total of 277, the actual investment of about 300 million U.S. dollars. Representative of the investment projects are: the non-woven textile machinery items; Nile Textile Group; Egypt and the Great Wall Drilling Company; Egypt Brothers Shoe Company; Egypt Yuncheng Engraving Co., Ltd.; Galaxy Socks Co., Ltd., drilling Samoa companies. Chinese companies in Egypt, Port Said, Duomiyate investment and cooperation talks in Hong Kong has entered the final stage, the total investment is expected to nearly 100 million U.S. dollars.

Fourth, the "going out" strategy, contract engineering contract in Egypt to carry out a major breakthrough in large projects.

To the current larger projects have been signed: Huawei contracted third mobile license in Egypt 130 million U.S. dollars project, Hubei Pengxiang Trade and Economic Development contracted cement projects in Aswan, Egypt MEDCM 28 million U.S. dollars, China Technology Import and Export Companies bear the investment company in the Middle East mining kaolin mine development project of about 10 million U.S. dollars. To be entered into a larger project: the Egyptian Ministry of Communications and Huawei program jointly established in Egypt, the "wireless broadband (WIMAX) and IPTV Joint R & D Center" project, capital size of about 500 million U.S. dollars, CATIC companies to bid for Egypt EL-SEWEDY company transformer project, contract value of about 20 million U.S. dollars.

Currently following a larger project: CITIC / Commonwealth of aluminum electrolytic aluminum project in Egypt to be contracted, the contract amount of about 800 million U.S. dollars, HQCEC and CATIC Egyptian companies were tracking copper refining projects with a total investment of about 3 100 million U.S. dollars, CATIC and Northern Egypt, tracked by National Railway Company 200 motorcycle purchases, the company tracked CATIC transform the signals of 250 km railway project, bogie replacement project in Cairo, Egypt Metro Line 3 projects.

Fifth, I made a major breakthrough in Egyptian assistance operations.

In 2006, China and Egypt signed a number of economic and technological cooperation agreement foreign aid and strong impetus to Sino-Egyptian economic and technological cooperation. Mushroom cultivation demonstration base project has been implemented for over a year, the project proceeded smoothly and has a large number of fruiting; Distance Education II project, the Corporation and the Egyptian Ministry of Education, through building infrastructure, Council on May 30 signed a construction contract, project delivery end of the year; Chinese school construction project contract was signed in September and was formally commenced on December 18; DC one-stop investment service building in the project design contract was signed in September, signed in 2007 can be construction contracts; use my Egyptian foreign aid offers discount loan holding company subsidiary polyester cotton plant modification project is progressing well; will use my discount loan discount Cairo International Conference Centre, the implementation of reform and supporting the hotel construction projects project financing framework agreement has been signed.

Sino-Egyptian cooperation in personnel training between the two countries have made positive progress. In 2006, I received a total of 76 categories of personnel training for the Egyptian people, including ministry officials, 6, 6 departmental officials involved in trade, administration, health care, transportation, customs, tourism and other fields. The two sides are currently in Egypt to further strengthen cooperation in personnel training, coordination, and strive for new breakthroughs in 2007.

21pbn

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