28 January 2023 12:12 AM

Economic Relations

Monday، 23 November 2015 12:00 AM

Egypt offers to Korea a source for raw materials and energy that are needed to fuel its Economic growth, as well as a consumers’ market of 90 million Egyptians, reaching up to more than a billion consumers in Africa, Europe and the Middle East when thinking of Egypt as a gateway to those markets while benefiting from the free trade agreements Egypt maintains with the latter sides.

Looking back at its own relatively recent democratic transformation and economic development, the Republic of Korea is one of the most suited countries to understand the current position and aspirations of Egypt and Egyptians. In Cairo, the Korean example is amongst the first models of development that are being studied to make use of this experience where and when applicable in the Egyptian case. This scrutiny in the Korean model led to the belief that education and vocational training should be at the focus of social restructuring.

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