Talk BRICS - Egyptian expert on BRICS Summit

CNC
Added On September 2, 2017

Egypt's participation in the BRICS Summit will open new horizons for Egypt's economy as it will boost its economic cooperation with the bloc.

That's according to the head of Egypt's largest state-run newspaper Al-Ahram.
 
Abdel-Mohsen Salama is the chief executive officer of Al-Ahram Foundation and head of Egypt's Syndicate of Journalists.
 
In an exclusive interview with CNC, he said he hopes one day Egypt becomes a BRICS member, because this will open massive horizons for cooperation with the group's members.
 
SOUNDBITE (ARABIC): ABDEL-MOHSEN SALAMA, CEO of Al-Ahram Foundation
"The BRICS is a very important summit meeting. It's so important for Egypt to be a member of the BRICS, not only as a guest of honor. If we become a member it will give us a lot of great opportunities to make economic cooperation with the group members."
 
At the invitation of Chinese President Xi Jinping, Egyptian President Abdel-Fattah al-Sisi will soon fly to Xiamen to attend the ninth BRICS summit.
 
SOUNDBITE (ARABIC): ABDEL-MOHSEN SALAMA, CEO of Al-Ahram Foundation
"We appreciate China's support for the Egyptian economy, which was clearly shown when Egypt suffered shortage of foreign currency and China made a currency swap deal with Egypt to carry out trade exchange with their local currencies. That move positively affected the Egyptian economic conditions then." 
 
The expert said the economic cooperation between Egypt and China is a win-win situation.
 
Figures showed the trade volume between the two countries increased to 11.3 billion U.S. dollars in 2016, making Egypt the third largest African trade partner with China.
 
Salama, who will be part of the Sisi-led delegation in Xiamen, expects his first visit to China will be a chance for learning more about the Chinese experience.