Global Arab Network | Egypt to Honour Commercial and Financial Commitments

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Egypt to Honour Commercial and Financial Commitments

Global Arab Network - - Gamal Ragay

Monday, 14 February 2011 16:43

The Federation of Egyptian Chamber of Commerce assures all contracting parties with any of its 4 million members, the traders, manufactures and service providers of Egypt, of the commitments and full capability of its members, to honour their material and financial commitments.

Global Arab Network reports according to a statement of the Federation of Egyptian Chamber of Commerce, the statement as follows:

‘In the view of the incidences that Egypt has witnessed over the past few days, and in view of Egypt’s commitments and aspiration to move democracy, which will be the foundation of yet more liberal economy through more reforms and structural adjustment. The ‘Federation of Egyptian Chambers of Commerce’ assures all contracting parties with any of its 4 million members, the traders, manufactures and service providers of Egypt, of the commitments and full capability of its members, to honour their material and financial commitments whether exporting, importing or subcontracting to and with any third part worldwide, according to the agreed upon delivery schedules, quantities and renown Egyptian quality.

We herby assure the global counterparts of our members, that the Egyptian vibrant businesses and the Egyptian economic infrastructure are back to normal, inclusive, ports , airports, customs, transport and logistics and naturally banks that are governed by a solid central bank that unconditionally guarantees the commitments of all Egyptian based local and foreign banks.’

Global Arab Network

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Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network