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Reading: Egypt’s agricultural exports to US rise 22% to $220m in 2020
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Dailynewsegypt > Blog > Business > Egypt’s agricultural exports to US rise 22% to $220m in 2020
Business

Egypt’s agricultural exports to US rise 22% to $220m in 2020

Nehal Samir
Last updated: 2021/02/23 at 6:54 PM
By Nehal Samir 1 Min Read
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US Ambassador to Egypt Jonathan Cohen
US Ambassador to Egypt Jonathan Cohen
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Despite the novel coronavirus (COVID-19) pandemic, Egyptian agricultural exports to the US increased by 22% during 2020, reaching a record high of $220m, according to US Ambassador to Egypt Jonathan Cohen.

The ambassador’s remarks came during his speech at the virtual webinar hosted by the American Chamber of Commerce in Egypt (AmCham) entitled “US-Egypt-Partnership, and the outlook for 2021”.

He said that US agricultural exports to Egypt increased by a remarkable 23% in 2020, to nearly $2bn, led by soybeans, grains, dairy, and tree nuts.

“Egypt presents us with growing demand and attractive opportunities in agriculture,” the Ambassador said, “US companies are already active in food and beverages, feedstock, and much more.” 

He also said that agribusiness associations in the US are working closely with local firms to share best practices,” the Ambassador explained. 

Cohen further said that there are opportunities to bring US technology and know-how to increase yields and make farms more efficient, and to maximise use of water resources.

This exchange of expertise would also work towards improving supply and production chains, and to expand the quality and availability of food and beverages that Egypt’s growing population demands.  

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TAGGED: Agricultural exports, Exports, Jonathan Cohen, US, US Ambassador to Egypt Jonathan Cohen
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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