Consultation with the Egyptian Drug Authority (EDA) Chairman on Food and Cosmetics Cooperation

On Wednesday, November 4, Chairman Kim Young-chae of the Korea-Africa Foundation met with Dr. Ali Ghamrawy, Chairman of the Egyptian Drug Authority, to discuss ways to support Korean companies entering the Egyptian market and to expand bilateral cooperation.

Chairman Kim shared examples of the Foundation’s past support for Korean food and cosmetics companies entering Egypt, and emphasized that Egypt serves as a gateway to the African market and is one of the Foundation’s key priority partner countries. He also stressed the importance of building partnerships based on mutual trust, and requested that Egypt ease market entry barriers and foster a more business-friendly environment so that Korean companies seeking to enter the Egyptian market can do so more smoothly.

In response, Dr. Ghamrawy offered practical and realistic advice for Korean companies looking to enter the Egyptian market. He noted that the positive momentum created by the Egyptian President’s visit to Korea last month offers a valuable opportunity, and underscored the importance of actively pursuing greater exchange and cooperation between the two countries.

The meeting provided an opportunity to review market entry conditions for Korean food and cosmetics companies in Egypt. The Foundation will continue its efforts to strengthen the foundation for practical cooperation between the two countries and to support Korean companies entering the Egyptian market.