Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu, in Cairo, Egypt, to attend the 3^rd Investment Conference on the invitation of the Federation of Egyptian Trade Chambers, expressed his gratitude to the Chairman of the Federation of Egyptian Trade Chambers Ahmed al-Wakil for organizing a successful forum in his address at the opening of the conference as Vice President of EUROCHAMBRES.

Saying that EUROCHAMBRES is the voice of 20 million establishments in Europe with 45 member countries, Hisarcıklıoğlu stated that EUROCHAMBRES supports SMEs and doing business abroad.

Hisarcıklıoğlu said that they have developed a lot of tools to give information to entrepreneurs and SMEs, that they also support business relations and that they are cooperating with the national chambers; they are ready to explore ways to improve relations with neighboring regions in the Mediterranean and Africa.

Hisarcıklıoğlu, who provided information about TOBB, expressed that TOBB is an umbrella organization of the Turkish business world and represents 1.5 million companies.

- Turkish investments in Egypt increased 40 times over the last 15 years

Stating that they have developed very close relations with the Federation of Egyptian Chambers, Hisarcıklıoğlu continued his speech:

“I know that the Egyptian private sector is very lucky and are well represented in Ahmed al-Wakil leadership. Our bilateral trade with Egypt has incrased by 15 times in the last 15 years. Today, Turkey is Egypt's fourth largest trading partner. Turkish investments in this period in Egypt has incrased by 40 times, reaching a volume of 2 billion USD.”

Hisarcıklıoğlu stated that they closely followed the Egyptian economy and appreciated the successful IMF program and the economic transformation process. He said that Egypt is in the middle of transportation routes, that there are trade agreements with Africa, Europe and America and that there is a favorable environment for investment. they will continue to do.

- "Without peace, prosperity remains an illusion"

Hisarcıklıoğlu said that the world is facing big common threats and challenges and that everyone is aware of it. “Peace is a prerequisite for economic and social development, as I always said: Peace and trade are wealth. These three are strongly related to each other. Without peace, prosperity remains an illusion.”

Hisarcıklıoğlu stated that they had to focus on important issues and said:

“The second is demographic change and youth unemployment. We can face more social and economic problems if we do not create new jobs for youth in this region. The last one is entrepreneurship; especially Egyptian women entrepreneurs need to be encouraged and we are ready to transfer experience to Egypt.”