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Beef, poultry, wheat, maize, and medicines are some of the products excluded from the decision of the Central Bank of Egypt to accept only letters of credit on imports.
Egyptian banks were instructed to only accept letters of credit for import operations from early March. Entrepreneurs from the sector plead for a reversal of the measure.
Participation in international shows is the Egyptian food industry’s path to reach new markets abroad.
The company executive says it will participate in the APAS show to learn about the needs of the Brazilian market for spices, seasonings, and plant-based beverages.
At the event in the UAE, the institution demonstrated its role in strengthening economic ties between Brazil and the Arab countries and fostering trade exchange.