CAIRO: The Ro-Ro transit-trade agreement with Turkey will not be renewed because Egypt “has not benefited” over the course of the three-year deal, Minister of Transport Hany Dahy told Youm7 Tuesday.
Turkey has officially been informed that the joint agreement has ended, with the last Turkish shipment of goods passing through Egypt to Gulf States April 24, Dahy said.
Since April 2012, Egypt’s revenue of the agreement “has not exceeded” $14 million, yielded from Turkish trucks arriving at Port Said and Damietta Mediterranean ports, then traveling overland to the ports of Adabiya and Port Fouad overlooking the Gulf of Suez to later reach Saudi Arabia and other Gulf States, according to Dahy.
The revenue has not been commensurate with the cost of the depreciation of the roads caused by the trucks, which have reached 20,000, or police security; hence the decision was made in October, Dahy added.
The decision was made in a meeting between the Ministries of Transport and Foreign Affairs and sovereign bodies, an official source at the Ministry of Transport told Youm7.
Turkey would have to transport its goods to Gulf States through the Suez Canal at a higher price than what it paid under the Ro-Ro.
Cairo and Ankara’s relations deeply deteriorated after the 2013 military ouster of Islamist president Mohamed Morsi. The two countries withdrew their ambassadors and have engaged in tit-for-tat criticism after Recep Tayyip Erdogan developed a habit of slamming President Abdel Fatah al-Sisi at almost every public forum.