Shaker Egypt has started taking serious steps to establish closer economic ties with Latin American countries. A plan to exchange visits and increase contacts with the governments and business communities of the key Latin states is already under way and is expected to gain more momentum in coming months.
Chile is the most active of all the Latin states and the one with the biggest overseas investments.
Mexico is obviously the golden gate to the economies of the US and Canada. Uruguay and Chile see eye to eye with Egypt on many international issues, and officials in the respective trade ministries are creating a detailed strategy for expanded trade relations. The Egyptian delegation, headed by Sallama Shaker, assistant minister of foreign affairs for the Americas, was the first of many that will visit the region. The delegation, Shaker said, provided their hosts with a thorough explanation about potential trade and investment opportunities in Egypt. Given the signs of a good recovery that these countries have shown after being hit by recent economic crises, it is expected that these figures will continue to rise.