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Ro-Ro deal between Egypt and Turkey to expire in April

by ChemOrbis Editorial Team -
  • 20/03/2015 (11:24)
According to media reports, a RO-RO (roll on/roll off) agreement between Egypt and Turkey will expire on April 22, 2015 as Egypt is not planning to renew the agreement, which is causing some panic on the Turkish side. The Egyptian government cited economic and political differences between the two countries as the main reason for their decision not to renew the agreement.

In October of last year, it was reported that Egypt was not planning to renew the RO-RO agreement with Turkey because of some economic reasons. The expiration of the agreement will be a major loss for Turkey’s export market as market players report that the lack of a RO-RO agreement with Egypt will limit the country’s access to Saudi Arabia and other Gulf countries as well as Central Africa. Turkey is at risk of losing around $500,000 in export value as approximately 10,000 vehicles annually use this route.

Government officials also reported that in case the disagreement with Egypt cannot be resolved, Turkey should consider alternative routes. However, players commented that it is difficult to find a substitute for this route as alternative routes are reported to be both expensive and difficult. Iran is a possible alternative as a transit route but recent conflicts over truck transits between Iran and Turkey limit the attractiveness of this option. Many players stated that the renewal of the agreement is a must for Turkey.

According to media reports, negotiations between the two countries are ongoing.
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