Business Council promotes trade between Finland and Egypt
The Egyptian-Finnish Business Council (EFBC), a body established recently by Finland's Embassy in Cairo, is organising business events and fosteringg contacts between Finnish and Egyptian enterprises. The EFBC network also provides the opportunity for members to share their experiences on best practices and common challenges, with the aim of fostering increased trade relations and concrete cooperation between Finnish and Egyptian companies.
Finland and Egypt have a long tradition of economic and trade relations. Finland has a long history of exporting wood products to Egypt for construction. Trade in the forestry sector continues strong. In recent years, Finland's high quality knowhow and products in the information and communications technologies (ICT) have expanded cooperation and trade in this sector. The ICT sector provides plentiful further opportunities for trade. Another up-coming and very interesting sector is 'Cleantech', or clean technologies, which are essential for the Egyptian economy's and the environment's sustainable development. The education sector also provides interesting possibilities, based on already existing cooperation.
The EFBC also provides opportunities to examine the potential for increasing Egyptian imports to Finland. The structure of the EFBC is informal. Its membership consists of the representatives of Finnish companies, their Egyptian joint ventures, agents and representatives, as well as distributors and importers of products from Finland in Egypt. In addition, Finnish nationals working for international organisations and institutions in Egypt are also invited to take part.