Financial Times FT.com

China becoming Egypt’s biggest trading partner

By Mure Dickie in Beijing

Published: September 7 2006 01:53 | Last updated: September 7 2006 01:53

China will surpass the US as Egypt’s biggest individual trading partner within eight years, and Beijing is rapidly also becoming a key source of investment and technology, according to Rachid Mohamed Rachid, Egypt’s minister of trade and industry.

China was beginning to replace some US and Europe suppliers not just in consumer products but also capital goods ranging up to turn-key industrial projects, said Mr Rachid.

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