Ahmed Jaber, President of the Printing Industries Chamber of the Federation of Egyptian Industries (FEI), said that thanks to its dense forests Romania boasts s a surplus of pulp for the export markets.
Addressing the Egyptian Business Association (EBA), Jaber pointed out that the Egyptian side has great interest in importing pulp as a production input for the paper industry, and giving it an added value, while at the same time increase production capacities and improve paper quality.
Jaber said that the price of paper, especially used in packaging, witnessed a significant increase during the current year because of the rise in shipping prices, especially from China, in addition to travelling restrictions due to the pandemic.
He explained that Egypt’s export of paper increased by a whopping 650% during the last period as a result of the increase in demand.
Meanwhile the volume of trade exchange between Egypt and Romania during the first five months of 202 1 amounted to $383.21 million, compared to $427.738 million in the same period last year, a decline of 11.6%, while it witnessed a significant growth during the month of May to record $119.755 million, compared to $27.802 million.
Egypt’s exports to Romania jumped during the period from January to May 2021 to record $74.87 million, compared to $56.441 million during the same period in 2020, with a growth of 32.6%, while Egypt’s imports from Romania during the first five months of 2021 recorded $308.34 million, compared to $371.297 million during the same period in 2020, down 17%.
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