Commerce chambers warns Egyptian companies against fake deals with Chinese firms
Minister of Industry Mounir Fakhry Abdel Nour - YOUM7 (Archive)

CAIRO: The General Federation of Egyptian Chambers of Commerce has advised companies not to deal with Chinese firms, warning of cases of fraud over the past period.

The Egyptian trade office in Beijing has been receiving many complaints from Egyptian companies about disputes with Chinese firms, the federation said in a statement Tuesday. Egyptian companies had been transferring huge amounts of money, whether from Egypt or other countries, as part of fake trade deals.

Egyptian companies can use the help of the trade office in Beijing to get information about Chinese firms, the federation said.

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