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Egyptian Government pledges subsidies to help agricultural export to the MEA region
04 October 2018, Dubai, UAE: Egyptian exports to the UAE increased from USD 1.126bn in the first half of 2016, to USD 1.204bn during the same period in 2017 according to Egypt Today registering a 7 per cent increase in growth.
Since then, trade relations between the countries have further progressed as Egypt looks to increase the number of companies exporting to the UAE through a new subsidy strategy recently laid out by the Egyptian Governmentaimed at boosting trade between the two countries.
Supplementing this goal of increasing exports to the MEA region, the Egyptian Export Development Authority (EDA) has confirmed a partnership with AgraME 2019, the Middle East and Africa’s most important exhibition for Agriculture, Aquaculture and Animal Health, which will offer businesses based in Egypt subsidies of up to 50 per cent of the total cost of participating at the exhibition. Egyptian suppliers and manufacturers can now showcase their products, machinery, equipment and services to the local and international visitor base which the event attracts with significant financial support and cost saving opportunities.
Commenting on the partnership, May Helmy, Project Manager at the Egypt Export Development Authority said, ''The EDA will provide subsidies for Egyptian companies to exhibit at AgraME 2019 in Dubai. The subsidy ratio is determined according to the company's exports for the year 2017.’’
‘‘We want to help as many Egyptian companies as possible increase their export across Middle East and Africa. The show already attracts Egyptian suppliers of Aquaculture, Crop Farming, Animal Farming and Animal Health who manage to strike a significant amount of business at the show every year. We are excited to be supporting this export initiative to help grow agricultural export across the region’’ added Helmy.
Speaking about AgraME as a gateway to increase business opportunities in the Middle East and Africa region, Hussien Mansour, CEO, Aller Aqua Egypt said, ‘‘We have been exhibiting at AgraME for the past five years and it is one of the most important events in the region to open doors for Gulf markets. We are committed to this partnership and follow the Aller Aqua motto ‘Let's Grow Together."
Confirmed exhibitors from Egypt include Sealed Bag for Sacks, Aqua International for Food Industries, Aller Aqua Egypt among global leaders exhibiting from over 40 countries including UAE, France, Spain, USA, Turkey and China.
Samantha Bleasby, Exhibition Director of AgraME commented “We are delighted to be working with the EDA and for AgraME to be chosen as a vehicle to help boost Egyptian export to the MEA region. We look forward to welcoming more Egyptian companies to the show and continue our mission to help regional governments increase food security.”
Under the patronage of the UAE Ministry of Climate Change and Environment, AgraME will take place from the 5 – 7 March 2019 at the Dubai World Trade Centre, Dubai, UAE. As the longest running show in the Middle East and Africa, AgraME welcomes government buyers, distributors, agents, and farm owners from across the Middle East and Africa.