Egypt swoops in Saudi markets amid boycott of Turkish merchandise

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Oct 29, 2020

Egypt is making an attempt to interchange Turkish merchandise within the Saudi market with Egyptian merchandise, and it’s exploiting the favored campaigns in Saudi Arabia which have been calling for boycotting Turkish merchandise as a result of disputes between Turkey and the dominion.

Stores in Saudi Arabia have begun displaying Egyptian merchandise in lieu of Turkish ones, in keeping with a press report printed by Agence France-Press Oct. 22. “In one of the stores in Riyadh, employees removed ‘Made in Turkey’ products off several shelves and replaced Turkish cheese with Egyptian cheese,” the report states.

In early October, head of the Council of Saudi Chambers Ajlan al-Ajlan referred to as on the Saudis to boycott Turkish merchandise, in response to the enmity between Turkey and Saudi Arabia. 

Tension between Turkey and Saudi Arabia has been escalating because the assassination of Saudi journalist Jamal Khashoggi on the Saudi Consulate in Istanbul in October 2018. Turkish President Recep Tayyib Erdogan accused Saudi officers of being concerned within the brutal homicide on the time.

Meanwhile, Egyptian businessmen have stepped up their actions and calls with Saudi firms. The Chamber of Printing and Packaging Industries on the Egyptian Federation of Egyptian Industries, which incorporates all Egyptian businessmen within the printing enterprise, introduced Oct. 18 making calls with Saudi Arabia to substitute Turkish merchandise with Egyptian merchandise within the Saudi market.

On Oct. 7, the Export Council for Building Materials, Refractories and Metallurgy Industries organized a video convention for Egyptian and Saudi firms to look at methods to spice up cooperation between the 2 international locations and to interchange Turkish merchandise, that are being boycotted by the Saudis.

Head of the council Walid Gamal el-Din instructed Al-Monitor, “The council organized the video conference for 14 Saudi companies and 11 Egyptian ones to discuss means of cooperation and to replace the Turkish product with the Egyptian one in the Saudi market.”

He mentioned, “Boycotting Turkish products in Saudi Arabia will [increase demand for] Egyptian products, especially construction products. The Turkish product is the main competitor of the Egyptian product in all Arab markets. When the Turkish product has a setback, Egyptian exporters benefit.”

Gamal el-Din added, “The Saudi market is Egypt’s fourth-largest marketplace for imports within the building materials trade. Egyptian building materials imports [in Saudi Arabia] reached $197 million through the first eight months of 2020, regardless of the coronavirus pandemic. The imports are anticipated to rise because the Turkish merchandise have been hit onerous by the favored boycott.”

Egyptian businessmen welcomed the boycott of Turkish merchandise in Saudi Arabia. Meanwhile, wide-scale pro-Egyptian regime media campaigns inspired the boycott of Turkish merchandise in Saudi Arabia.

On Oct. 21, pro-regime media determine Ahmad Moussa mentioned in his present on Sada al-Balad channel, “Arab citizens must not buy Turkish products because Turkish President Recep Tayyip Erdogan wants to destroy Arab states.”

Media determine Mohammad al-Baz launched on his present on Egyptian Al-Nahar TV a boycott marketing campaign of Turkish merchandise in Egypt and referred to as on Egyptians to assist the Saudis and stress Turkey economically.

On Oct. 25, Adel Hanafi, vice chairman of the General Union of Egyptians in Saudi Arabia, which incorporates Egyptian nationals working within the kingdom, referred to as on Egyptian chambers of commerce to boycott Turkish merchandise, like Saudi Arabia has completed.

Hanafi mentioned, “The Federation of Egyptian Chambers of Commerce must organize boycott campaigns of Turkish products in order to prevent Turkey from using these products’ returns to fight Egypt and support terrorism in Arab states.”

The commerce motion between Egypt and Turkey has witnessed up to now this 12 months a decline of 18.7%, in keeping with the report of the Egyptian Central Agency for Public Mobilization and Statistics. “The trade activity dropped to $2.7 billion during the first seven months of 2020,” the report states.

In Saudi Arabia, Turkish merchandise have been negatively affected by the boycott campaigns. On Oct. 21, head of the Turkish Exporters Assembly Ismail Gulle mentioned throughout a video convention on advertising and marketing pure stones in Ankara, “Boycotting Turkish merchandise in Saudi Arabia is among the many key components that impacted our exercise this 12 months.”

In an Oct. 13 press assertion, head of the Turkish Contractors Union Medhat Yeni Gon, confirmed that “Turkish contractors in the Middle East have suffered losses estimated at $3 billion at least in 2020, due to the [campaign] against Turkey.”

In a dialog with Al-Monitor, the chairman of the Engineering Export Council of Egypt, Sherif al-Sayyad, mentioned, “Saudi Arabia’s boycott of Turkish products is a good opportunity for Egyptian companies.”

He famous that the Egyptian trade has made nice strides in engineering merchandise, particularly within the manufacture of family home equipment, electrical home equipment, and family and cooking utensils. According to him, it has gained a spot within the Saudi market.

Sayyad mentioned, “The Saudis’ boycott of Turkish products has benefited Egyptian products — specifically electrical appliances — as Saudi importers’ demand for Egyptian products increased during the past few days due to the popular boycott of Turkish products in Saudi Arabia.”

He added, “The state must take advantage of the opportunity to boycott Turkish products in Saudi Arabia by supporting Egyptian exports and facilitating export procedures for Egyptian businessmen.”

Ahmed Jaber, president of the Chamber of Printing and Packaging Industry, Federation of Egyptian Industries, instructed Al-Monitor, “The chamber is currently examining the Saudi market to replace Turkish products with Egyptian ones, and it is communicating with the Federation of Saudi Chambers of Commerce to discuss ways of cooperation.”  

He famous, “Egyptian businessmen are moving quickly with Saudi companies to conclude trade agreements and deals, taking advantage of the popular boycott of Turkish products in Saudi Arabia.”

Jaber concluded, “The Egyptian Ministry of Trade and Industry is trying to remove obstacles in order to export Egyptian products to Saudi Arabia, in support of the Egyptian product as opposed to its Turkish competitor.”