The Kuwaiti-Egyptian commercial committee held its first meeting here on Tuesday under the co-chairmanship of the two countries' under secretaries of trade and industry.
The aim of the meeting is to prepare for a commercial cooperation
agreement between the two countries to further consolidate ties, boost
trade exchange and remove obstacles to the flow of trade, the Kuwaiti
The volume of trade exchange between Egypt and Kuwait amounted to 362
million dollars in 2011.
The meting covered ways to develop industrial cooperation, encourage
private sector investments and shore up cooperation pertaining to
establishing industrial infrastructures and technology transfer.
A second meeting of the committee is expected to take place in Egypt to
ink the agreement and endorse a set of protocols and memos of
understanding covering a multitude of economic domains.