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The European Union wants to restart talks with Egypt over a wider free trade deal that could help double the value of commercial exchanges in the next few years, according to the EU ambassador to Cairo.

"Our offer for a far-reaching Deep and Comprehensive Free Trade Agreement (DCFTA) remains on the table," EU envoy James Moran told an investment conference in the Egyptian capital.

Egypt's trade with the EU, traditionally its biggest trading partner, reached around 23 billion Euros (19.1 billion pounds) in 2012, but initial data showed it dropped a little last year, Moran told Reuters on the sidelines of the conference. Egypt has had an Association Agreement with the EU since 2004, as well as an agricultural and fisheries products agreement that took effect in 2010.

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