Egypt, Turkey to launch new shipping line by December

A new shipping line will conduct operations between Alexandria and the Turkish port of Mercin by December, Egypt's Minister of Industry and Foreign Trade Mahmoud Eissa announced on Thursday.

The new trade route will facilitate the transport of Egyptian exports to Turkey and neighboring countries, the minister told reporters.

The minister added that Egypt has agreed to receive a delegation of Turkish experts in November to discuss challenges facing economic collaboration between both countries, adding that the Egyptian government is anxious to reinforce ties with Turkey so as to draw more investments to the local market.

In September, Egypt's commercial delegate to Istanbul, Mostafa Mekkawy, revealed the negotiations over the new shipping route, telling Al-Masry Al-Youm that the new line aims to accelerate and facilitate Egypt's commercial activities at countries around the Black Sea and in Eastern Europe, as well as Turkish commerce in northern and eastern Africa.

Translated from the Arabic Edition

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