The chairperson of the Moroccan Plastics Federation (FMP) Nabil Sawaf and representatives of Plast Expo in Morocco met with CEO of Egypt’s Chemical Industries Export Council Mohamed Mageed. They discussed ways to enhance investment in chemical industries between the two countries.
Mohamed Mageed said that the Council aims at adopting a green and circular economy in Egyption products exported to the Moroccan market.
Mageed said that the goal is to optimize the value of Egyptian products by aligning with the developments in the global plastic industry across different countries and sectors.
In 2022, the export of chemical industries and fertilizers to Morocco from Egypt reached around $258 million, demonstrating a significant growth rate of 66% compared to the previous year.
This sector holds the top position among Egyptian non-oil exports to Morocco, constituting approximately 30% of Egypt’s total exports to Morocco, which amount to roughly $851 million.
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