Monday, 25 May 2026
Egypt, Turkey eye $15 billion trade goal in drive for closer economic integration
As part of his official visit to Istanbul, Dr. Badr Abdel Aaty, Egypt’s Minister of Foreign Affairs and Egyptian Expatriates, met on Friday, June 20th with a group of Turkish business leaders.
The meeting took place alongside his participation in the Ministerial Meeting of the Organization of Islamic Cooperation (OIC).
During the gathering, Dr. Abdel Aaty emphasized the growing economic cooperation between Egypt and Turkey, highlighting the trade volume which has reached nearly $9 billion in 2024. He noted that Turkey has become a key destination for Egyptian exports, while Egypt now stands as one of Africa’s most important markets for Turkish goods.
The Minister expressed aspirations to further strengthen trade and investment relations, in line with an ambitious target set by both countries’ leaderships to increase bilateral trade to $15 billion.
He underscored the critical role played by the Free Trade Agreement, in effect since 2005, in expanding economic exchange and removing barriers to trade.
Dr. Abdel Aaty welcomed Turkish investments in Egypt, citing the significant increase in recent years and Egypt’s ongoing efforts to attract further investment.
He highlighted the unique opportunities available in the Suez Canal Economic Zone, including incentives and streamlined regulations for investors. He also referred to the recent establishment of a dedicated governmental unit to support Turkish investments and quickly resolve any challenges faced by Turkish companies in Egypt.
Through these initiatives, Egypt reaffirms its commitment to building stronger, mutually beneficial economic partnerships with Turkey, paving the way for greater regional integration and prosperity.