“Turkish exports to Egypt have increased by 3.1 percent during 2014, according to the Turkish-Egyptian Businessmen Association”Turkey’s exports to Egypt last year amounted to some $3.398 billion, in an increase from $3.2 billion in 2013,” Atilla Ataseven, the head of the association, told The Anadolu Agency”Ataseven, however, said that Egyptian exports to Turkey have decreased by 13.8 percent during 2014, going down from $1.727 billion to $1.489 billion”Relations between Cairo and Ankara have been strained since the 2013 military ouster of Mohamed Morsi, Egypt’s first freely elected president”In the wake of Morsi’s ouster, Ankara – a former ally to the Morsi administration – and Cairo downgraded diplomatic relations”Ataseven, for his part, said that Turkish investors in Egypt were unfazed by political differences between the two countries”Egyptian officials are keen on positive cooperation with Turkish investors,” he said”According to official Egyptian figures, 418 Turkish companies operate in Egypt in various fields including textile and clothing”
Date:3/22/2015
Source:Daily Sabah