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Gabriel visiting Egypt and Morocco

2016-04-16 08:45:07

Federal Minister for Economic Affairs and Energy Sigmar Gabriel is embarking on a journey to North Africa. From 16-19 April, he will be visiting Egypt and Morocco.

In Egypt (17 and 18 April), talks are planned with President Al-Sisi, Foreign Minister Shoukry and Industry Minister Kabil on energy and economic policy issues. Minister Gabriel will also be participating in the 3rd session of the German-Egyptian Joint Economic Commission in Cairo. Following this, he will travel to Morocco (18 and 19 April) for talks with Prime Minister Benkirane and ministers responsible for energy, commerce, industry and migration, as well as with the opposition politician Driss Lachgar.

Bilateral trade with Egypt is developing well. In 2015, trade amounted to €5.2bn, an increase of 20% compared to 2014. Germanys exports totalled €3.35bn and consisted mainly of machinery, plant and cars; the leading imports were oil, textiles and foodstuffs. Economic relations with Morocco are also close. Exports from Germany amounting to €1.7bn consist - similar to those to Egypt - of machinery, electrical equipment and cars. Germany ranks sixth amongst Moroccs trading partners.

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Kategorie: BMWi Press Releases