Global Trade Alert
Global Trade Alert

Egypt: Banque Misr signs financial agreements worth USD 1 billion to support exports to China

Announcement

18 Dec 2016

On 18 December 2016, Banque Misr signed two framework agreements with the China Export & Credit Insurance Corporation - Sinosure and  Industrial and Commercial Bank of China (ICBC). The monetary value of both frameworks is USD 1.000.000.000.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 Dec 2016

Revocation date:

No revocation date

Updated: 18 Dec 2016
Financial assistance in foreign market In force

On 18 December 2016, Banque Misr signed a memorandum of understanding with two Chinese financial institutions to increase its lending capacity and support local companies expanding and trading...

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