The Egyptian Minister of Industry and Foreign Trade Hatem Saleh revealed that the Export-Import Bank of Malaysia (EXIM Bank) approved to offer credit facilities worth US$ 100 million for Egypt to import goods from Malaysia especially wood products, palm oil and rubber. Such decision will come into effect before the end of 2012.
Such move came when Saleh held talks with the Malaysian Minister for International Trade and Industry, Mustapa Mohamed, and his accompanying delegation to Egypt and they discussed possible methods of mutual cooperation. The Malaysian Ambassador to Egypt Mohamed Fakhr el-Din also attended the meeting.
Both parties suggested new methods to increase mutual cooperation through establishing joint economic and commercial projects.
