Egypt sees trade with South America tripling

Aug 3 (Reuters) – Egypt could triple its trade balance with South American trade bloc Mercosur over the next few years, as it pushes to secure food supplies, the North African nation’s trade minister said on Tuesday.

Egypt and Mercosur signed a free trade agreement in Argentina on Monday.

The trade balance between Egypt and Mercosur, which groups agricultural exporters Argentina, Brazil, Uruguay and Paraguay is currently $2.5 billion, Rachid Mohamed Rachid said in an interview in Buenos Aires

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