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Economic Relations

Monday، 09 November 2015 12:00 AM

 

Egypt and Malta have good economic and trade relations and the Embassy is constantly providing the economic factors, such as the Maltese Chamber of Commerce and other business associations, with the latest information and statistics on developments in the Egyptian economic sector. In its weekly newsletter, as well as on its website, the Maltese Chamber of Commerce publishes Egypt's economic development. This newsletter is distributed amongst the Chamber members, Maltese companies and business.

 

The Egyptian body for international exhibitions and fairs signed a Protocol with Malta on joint cooperation, in four Mediterranean countries in the marketing of exhibitions. This is to promote and develop new programs between the two countries and provide new opportunities to facilitate the movement of the exchange of goods, thereby contributing to the increase of bilateral trade. The Protocol will contribute to the exchange of experiences between the two countries in the organization and marketing of trade-fairs.
 
The most significant obstacles to the development of economic and trade relations between the two sides lie in the high cost of shipping and insurance for Egyptian exports to Malta and the small size of the Maltese market. Therefore there is the constant need to define the Egyptian businessmen's opportunities for cooperation with Malta in the areas of trade and investment.
 
Egyptian exporters lack in knowledge on the Maltese market, especially for food products (fresh / frozen / processed) and juices and mineral water. However, the Embassy is always clear that the small market size is based not only on the population (430 thousand people), but also on the number of tourists who visit the island throughout the year, which amount to 1.2 million.
 
In addition, the Maltese market depends mainly on local manufacturing and low-rated imports. This puts our products on the level of European quality standards and at reasonably competitive prices when compared to other markets in the European Union.
 
On the other hand, the quality/price factor is in control, in general, in the purchase decision taken by the Maltese consumer who does not adhere to a particular brand. This may represent a good opportunity for many of our products that do not have global brands but are of high-quality and competitive prices.
 
In addition to the above elements, entering the partnership agreement with the European Union which came into force on 1/6/2004, the geographical proximity of the island, and the trade relations between us Malta, undoubtedly offer opportunities for our exports.
 
Overall, the Mission's assessment is that there are good opportunities for Egyptian products, in particular:-   Food products - Mineral Water - Juices - Air-Conditioners, Heaters and Water Heaters - Ceramic Tiles and Sanitary Ware - Furniture - Cement.
 
The efforts undertaken by the Embassy on the resuming of direct flights by "Egypt Air" between Egypt and Malta in July 2008 (after a halt of more than nine years) give an impetus to increasing tourist traffic between them, and to boosting economic and trade relations between the two countries.
 
Finally, after efforts made by the Embassy during the past four years with both the Egyptian and Maltese sides, a Memorandum of Understanding on the establishment of the Egyptian-Maltese Businessmen Association was signed in June 2009. This will give the Association a strong role in increasing trade and investment between the two countries.
 
Main Egyptian exports to Malta during the period :
• Ceramics
• Building Materials
• Vegetables and fruit
• Petroleum Products
• Tobacco
• Iron and steel

 

Most prominent Maltese imports to Egypt during that period:
• Food products
• Cosmetics
• Mechanical equipment

All amounts stated in Euros

Contractual Framework

Agreement 

Signing Date

Effective Date

Feedback

Trade agreement

16/5/1973

19/1/1974

Have been deleted with Malta's entry in the European Union in 2004

Air agreement

2/4/1975

1/11/1975

Was added to the Protocol amending the Convention in 2005

Scientific, Cultural  and Technical  Agreement

2/4/1975

28/7/1975

 

Exemption Agreement Citizens Visa

8/6/1977

27/5/1978

Have been deleted with the entry of Malta in the European Union

Memorandum of Understanding and Consultation between the Ministries of Foreign Affairs

20/3/1994

20/3/1994

The Maltese Proposal on the establishment of a Joint Ministerial Committee which meets on an annual basis under the chairmanship of the the  Ministers of Foreign Affairs  approved by Minister Ahmed Aboul Gheit and  Previous Minister of Foreign Affairs  of Malta Frendo in Cairo  on 18/12/20041

Economic  and Technical Agreement


20/3/1994


7/2/1995

 

Protocol  for Cooperation in the  field of Tourism


22/2/1997


28/2/1999

 

Maltese Compensation deal  


23/2/1997


2/12/1997

 

Agreement of cooperation in the fight against drugs


23/21997


22/4/1998

 

Scientific and cultural agreement executive program


20/2/1999


20/2/1999

 

An agreement to encourage and protect investments       


20/2/1999


18/7/2000

The Maltese side requested the  text of article 8 and the exchange of letters for its entry into force

Agreement of avoid double taxation


20/2/1999


7/4/2001

 

Convention on the transfer of sentenced persons


26/5/2001


30/1/2002

 

Convention on the Transfer of Offenders


20/5/2004


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Memorandum of Understanding on Exemption of Visas for Special Passports

 

 


 

 

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