Minister of Agriculture and Land Reclamation, Alaa Farouk, announced that trade exchange between Egypt and Serbia has witnessed a significant increase in recent years, rising from $94 million in 2022 to approximately $300 million in 2024.

Farouk detailed that Serbian imports to Egypt amounted to $41 million, while Egypt’s exports to Serbia reached $72 million.

 Additionally, the services sector especially tourism accounted for around $180 million.

The minister emphasized that Egyptian-Serbian relations have seen remarkable growth, particularly following the establishment of the Joint Supreme Committee for Economic, Scientific, and Technical Cooperation.

Several agreements and memoranda of understanding (MoUs) have been signed to enhance cooperation, including the Free Trade Agreement, which aims to facilitate and expand exports and imports between the two nations.

Further agreements cover higher education, culture, trade, agriculture, and investment, reinforcing the commitment to mutual economic and developmental goals.

A major milestone in this partnership is the recent launch of an Egyptian company’s agricultural tractor manufacturing operations in Serbia, in collaboration with Serbian investors, reflecting the deepening economic ties.

Farouk highlighted Egypt’s strategic role as a gateway for Serbian products to African markets through the African Continental Free Trade Area (AfCFTA) agreement.

Egypt sees Serbia as a key distribution hub for its agricultural products in Eastern Europe, leveraging the Free Trade Agreement signed between the two nations.

Minister Farouk extended an invitation to Serbian investors to explore opportunities in various sectors across Egypt, emphasizing the favorable investment climate and incentives offered by the Egyptian government.

He underscored Egypt’s commitment to economic integration as a means to improve the standard of living for citizens in both countries.

Farouk stressed the need to focus on strategic areas of collaboration that align with the mutual interests of both nations.

These include agriculture, tourism, investment, telecommunications, information technology, and housing, among others.