18-06-2025
Egypt-Serbia Trade Triples to $300 Million Amid Strengthening Bilateral Ties
CAIRO - 18 June 2025: The volume of trade between Egypt and Serbia surged over threefold in 2023, reaching $300 million, up from $94 million in 2022—marking a significant leap in economic cooperation between the two countries.
Speaking at the Egypt-Serbia Business Forum held yesterday, Egyptian Prime Minister Dr. Mostafa Madbouly underscored the remarkable growth in bilateral relations. He expressed confidence that this positive trajectory will continue, particularly following the Egyptian Parliament's ratification—on May 26—of a Free Trade Agreement between Egypt and Serbia.
The agreement will gradually eliminate tariffs and quantitative restrictions on the movement of goods between the two nations, paving the way for enhanced trade and economic integration.
Madbouly further noted that Egypt-Serbia cooperation goes beyond the exchange of goods, encompassing sectors such as services, logistics, tourism, and strategic infrastructure partnerships—particularly across Africa, along with collaborative efforts in the reconstruction of neighboring countries.
On Tuesday, Prime Minister Madbouly personally welcomed Serbian Prime Minister Gjorge Matović at Cairo International Airport, as he arrived in Egypt leading a high-level delegation to strengthen economic and diplomatic ties between the two nations.
