Austrian trade mission to egypt, May 2 - 5, 2010

The Austrian Federal Economic Chamber in Vienna and the Austrian Commercial Office in Cairo are planning a Trade Mission to Cairo from May 2 to 5, 2010

Egypt has not been totally spared by the international financial crisis, but appears to be one of the less affected countries in the region. In the financial year 2008/2009 (July to July) Egypt still has achieved an economic growth rate of 4.6 %. For the current fiscal year, the government expects a growth of 5% and hopes for a recovery of 7 to 8% within the next two years.

The Import of Austrian goods to Egypt has doubled since 2004 and has reached in 2008 a record high of Euro 207 million. As a result of the declining growth the imports stagnated until the middle of the year 2009, but by the end of October the imports increased again by 2.3% to Euro 173,3 million.

An increase of imports is seen mainly in the field of machinery, pharmaceutical products, iron and steel and measuring instruments.

We assume that Egypt can be seen – despite the difficult situation – as an alternative to the traditional export markets of Austrian enterprises.

If you are interested to meet Austrian business counterparts who will participate in the trade mission, please contact Dr. Kurt Altmann at kairo@advantageaustria.org