The first meeting of the follow-up team to follow up on the recommendations of the 18th session held on October 9–10, 2024, in Cairo, headed by the Deputy Governor of the Authority for International Relations, Mr. Abdulaziz Alsakran, and the Head of the Agreements Sector and Foreign Trade, Dr. Amani Alwasal, with the participation of some governmental entities from both countries.
The follow-up team aims to follow up on the implementation of the strategic directions of the two countries and the recommendations and initiatives of the Joint Committee, coordinate meetings, identify obstacles and challenges, recommend solutions and follow up on them, and propose new initiatives that serve the objectives of strengthening and developing bilateral relations in various economic areas.
The meeting is an extension of the importance of joint work between Saudi Arabia and Egypt, to strengthen cooperation in order to achieve the objectives of the work of the Joint Saudi-Egyptian Committee, and develop bilateral relations in various economic fields that promote trade between the two countries.
The trade exchange between the two countries in the first half of 2024 increased by 41% compared to the first half of 2023, from $6 billion to almost $8 billion. The most Saudi exported goods to Egypt are metal products and plastics, while mineral products and copper are the most imported Egyptian goods.
The Deputy Governor of the Authority for International Relations, Mr. Abdulaziz Alsakran emphasized that the first meeting of the follow-up team came from the Committee's desire to strengthen the relationship between the two countries and follow up on the challenges they face, and he expressed the serious desire to achieve the objectives in order to contribute to the development of economic relations between the two countries.
GAFT promotes the Kingdom's international trade gains and defends its interests in the areas of foreign trade, thereby contributing to the development of its national economy.