Despite Economic Crisis, Egypt’s Pet Food Imports Hiked To $500 Mln In 2012
Published Tuesday, 05 February 2013 14:49 | Written by Mahmoud Hemdan & Islam Motasem
In the time Egypt is encountering economic challenges including budget deficit, the country’s pet food imports have reached around US$550 million for the course of 2012.
Dr. Muharram Helal, CEO of the Egyptian Union of Investors Associations (EUIA), said Egypt’s imports of cat and dog foods in 2012 have reached around US$ 550 million; while hundreds of thousands across the breadth of the country battle furiously to survive.
In an exclusive statement to Amwal Al Ghad, Helal urged the government to study urgent mechanisms aiming to fill the incomes gab and to apply the social justice among citizens. It is necessary that Egypt’s industry and foreign trade ministry to adopt immediate decrees to ban importing those extravagant fancy commodities, Helal added.
Moreover, Amwal Al Ghad has obtained a copy of Foreign Trade Sector’s recent data which says Egypt’s imports of the luxury dispensable goods have totaled around US$4 billion, in which the pet food imports hit US$400 million before the course of 2012.
Most Popular »
- Dollar extends bounce vs yen on US, Japanese policy expectations
- Apache plans to boost investments in Egypt oil explorations
- Oil prices fall as analysts say market still oversupplied
- Goldman, South Korea fund to buy majority stake in cookware firm Happycall
- Oil falls as August price rally seen overblown, China fuel exports jump