"A New Chapter in Trade with Egypt"
Ibrahim Burkay, Chairman of the Board of Directors of the Bursa Chamber of Commerce and Industry (BTSO), stated that they aim to further strengthen the trade relations between Turkey and Egypt with fairs and national participation organizations organized by KFA Fairs.
A new era is beginning for trade between Turkey, the gateway to Africa, and Egypt. To evaluate the potential in Egypt, which offers significant opportunities for Turkish investors, and to strengthen the commercial relations between the two countries, Trade Minister Prof. Dr. Ömer Bolat made an official visit to Egypt. BTSO Chairman Ibrahim Burkay accompanied Minister Bolat during the Egyptian contacts. President Burkay attended the Turkey-Egypt Trade Delegation and Bilateral Business Meetings Opening Program held within the scope of the Egypt International Manufacturing Congress and Fair in the capital, Cairo. Following the program organized in collaboration with the Turkish Exporters Assembly (TİM) and the Federation of Egyptian Industries, a goodwill agreement was signed between the Bursa Chamber of Commerce and Industry and the Egyptian Ready-Made Garment and Home Textile Industrialists Association and the Egyptian Engineers Syndicate. Additionally, a cooperation protocol was signed for international fairs and national participation organizations abroad by KFA Fairs, a subsidiary of BTSO.
"A New Page Has Been Opened in Economic Relations"
In his assessment, BTSO Chairman Ibrahim Burkay stated that the visit of Trade Minister Prof. Dr. Ömer Bolat and business people to Egypt opened a new page in the relations between the two countries, marking a significant step towards enhancing commercial and economic relations. President Burkay noted that the Bursa Chamber of Commerce and Industry will play an important role in commercial relations between Turkey and Egypt, saying, "Trade volume between our country, which is the largest trading partner of Egypt in Africa, and Egypt has reached $10 billion. We believe that we can increase this figure to $15 billion within 5 years. We aim to expand the scope of our relations with Egypt in many areas, including our locomotive sectors in Bursa. As BTSO, we will continue to provide all kinds of support to develop our economic relations based on cooperation and win-win principles."
"Cooperation with Egypt Will Be Strengthened Through Fairs"
President Burkay reminded that KFA Fairs organized the Turkish national participation organization at the Cairo International Fashion & Textile Expo held in Egypt on October 5-7, and stated that they initiated a historic cooperation with Egypt in the field of fair organization. President Burkay stated that in November, within the scope of Junioshow held in Bursa, 6 Egyptian companies will participate as exhibitors in cooperation with the Egyptian Ready-Made Garment and Home Textile Industrialists Association, and further added that Turkish baby and children's ready-to-wear products will be showcased with the national participation organization of KFA Fairs at the Nelly Kids Fashion event to be held in Egypt on January 12-14, 2024.
KFA Fairs to Organize Fairs in Egypt
President Burkay stated that they aim to organize joint national participation organizations with Egypt in the Middle East, Balkans, and North African countries in sectors such as baby and children's ready-to-wear clothing, automotive sub-industry, fabrics and textile accessories, and home textiles, and mentioned that they have cooperation opportunities with Egyptian companies in third countries. He further expressed their intention to start working on organizing a fair for the home textile sector in Egypt within the scope of the goodwill agreement. President Burkay emphasized that they will transfer the 10 years of fair organization experience and expertise of KFA Fairs, which has the authority to organize fairs abroad, to Egypt. He concluded by stating, "With this fair, which will be the first in Egypt, we will also organize a simultaneous fabric fair. We will continue our efforts to develop our cooperation with Egypt in all fields under the leadership of our Ministry of Trade."