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Egypt looks to China as largest trading partner in 2010

(chinadaily.com.cn)
Updated: 2009-04-16 16:39

China will surpass the United State to become Egypt's largest trading partner by 2010, said Egyptian Ambassador to China Mahmoud Allam in Beijing on Wednesday.

Allam made the forecast at a ceremony marking the tenth anniversary of the establishment of Egypt-China strategic relationship of cooperation.

Related readings:  China vows to enhance military ties with Egypt  China, Egypt vow to jointly overcome global financial crisis

"I hope to see more Egyptian commodities on China's market," said Allam.

Commenting on the entrepreneur conference of the China-Arab Cooperation Forum to be held April 20-22 in Hangzhou, Zhejiang Province, Allam said it would be a good chance for Chinese and Egyptian entrepreneurs, especially those from small- and medium-sized companies, to talk face to face and seek opportunities.

"Participants will also discuss about revising some standards to make them more market-friendly for both countries," Allam added, without elaborating.

China and Egypt established diplomatic ties in 1956 and forged strategic cooperative ties in 1999. The bilateral trading volume hit US$6.2 billion in 2008, according to China Custums' statistics.