Turkey, Egypt sign deal to set up joint chamber of commerce

Turkey and Egypt on Saturday signed an agreement to establish a joint chamber of commerce to boost trade between the two countries. Turkish Union of Chambers and Commodities Exchanges (TOBB) President Rifat Hisarciklioglu and Federation of Egyptian of Chambers of Commerce (FEDCOC) Chairman Ahmed Al-Wakil signed the deal at a meeting in Alexandria, with Egyptian Trade and Industry Minister Rachid Mohamed Rachid also present. Speaking at the signing, Rachid stressed the recent rapid strengthening of cooperation between Turkey and Egypt. He further praised Turkey's successful performance in exports and its rising share of global trade. Calling Egypt a crucial gateway to both the Arab world and Africa, Hisarciklioglu added that ro-ro transport will boost trade between the two countries.