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Wednesday, 5 August 2020

Diplomacy + Foreign Trade on 5 August 2020: GERD and food exports

Egypt and Sudan have walked away from the latest round of talks on GERD after Ethiopia’s latest proposal dodged mention of a binding dispute resolution mechanism and left out key operating guidelines for the dam. Ethiopia’s proposal came despite the three countries’ representatives agreeing at a meeting earlier this week to focus on the dam’s long-term operation, alongside a timeline to fill GERD’s reservoir.

Meanwhile: Egypt’s food exports increased 2.2% y-o-y in 1H2020 to reach USD 1.8 bn, said Export Council for Food Industries Head Hani Berzi, according to the local press. June saw the best growth rate of the period at 39% y-o-y, with exports reaching USD 337 mn. Food exports represented 14% of Egypt’s total non-oil exports during 1H2020, he said.

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