Egypt will not renew navigation agreement with Turkey

Sunday 26-10-2014 06:54 PM
Egypt will not renew navigation agreement with Turkey
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CAIRO, Oct 26 (Aswat Masriya) - Egypt will not renew its navigation agreement with Turkey after it ends in April, said the transportation minister's advisor for the maritime sector as reported by the Nile News state-owned channel. 

The government signed an agreement with Turkey in March 2012 to use Egyptian ports for transporting Turkish products after Syria closed its crossing to all Turkish exports. These products are transported again to Saudi ports and then to other gulf countries. 

The "RouRou" navigation line is between Turkey's Eskendrona port and Egypt's Damietta port on the Mediterranean sea. 

"Egypt has not achieved the required financial revenues," according to the maritime transport's sector official website. 

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