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Economics & Business News

Egypt indicates that it will not renew a transit-trade agreement with Turkey

As the Egyptian government has indicated that it will not renew a transit-trade agreement with Turkey when it expires at the end of this month.

It means that Turkish exporters have to find an alternative way to get goods to Middle East nations, with the Suez Canal identified by the Turkish economy ministry as the only alternative for transportation of goods to countries on the Arabian Peninsula.

Egypt indicates that it will not renew a transit-trade agreement with Turkey