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Egyptian Entrepreneur Laments Lack of Open Business With Israel

An Egyptian entrepreneur said he resents his country’s hostility to Israel which prevents him from openly conducting any business with the Jewish state, Egyptian daily Al-Ahram reported late last week.

“It is very unfortunate that we cannot be pragmatic and say this particular country has good quality and inexpensive commodities and we are going to import from it because it is in our interest,” said the unnamed Egyptian, who still does business with Israel on the down low. ”After all these years an Israeli commodity on, say, the shelf of a supermarket would not be picked up except by a few people — if we assume that any supermarket would at all dare to carry, say, Israeli fruit juice.”

Like most Egyptian businessman who work with Israelis, he insisted on remaining anonymous for fear of being “stigmatized as dealing with the enemy,” he told Al-Ahram.

“I really don’t understand; we have a peace deal and we cannot do business, it has been 35 years since this peace treaty was signed and still it is a big issue if someone said let us do business with Israel or let us benefit of their agricultural expertise,” he said.

Trade between Israel and Egypt dropped after President Hosni Mubarak was ousted in 2011, but government officials in Cairo say the fall was possibly a result of the subsequent political turmoil, according to the report.

Despite any current animosity Egypt may harbor toward Israel, an independent economic source told Al-Ahram that Egyptian authorities are considering all options in dealing with the country’s current severe energy shortages, not excluding the import of natural gas from Israel.

“Cooperation in natural gas has been very stable for many years despite the suspension and trade dispute that occurred after the 25 January Revolution removed Mubarak — but this is the case with trade cooperation in general, limited and stable,” said a government official.

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Source: The Algemeiner

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Posted by on April 3, 2014. Filed under Israeli News,Slider. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.