The
three-year deal comes according to President Abdel-Fattah al-Sisi’s directives
and as an outcome of the tripartite summit held in Amman last year.
Cairo- Nov 10,
2021
The
Ministry of Trade and Industry has hosted the signing ceremony of a Memorandum
of Understanding (MoU) to strengthen cooperation in the field of industrial
integration between Egypt, Jordan and Iraq.
The MoU
was signed by Egyptian Minister of Trade and Industry Nevine Gamea, Jordanian Minister
of Industry Trade and Supply Yousef
Alshamali, and yet to be signed by Iraqi Minister of Industry and
Minerals Manhal Al-Khabbaz.
“The
renewable three-year agreement comes according to President Abdel-Fattah
al-Sisi’s directives yesterday during his meeting with Jordan’s Crown Prince Hussein
bin Abdullah II, and as an outcome of the
tripartite summit held in Amman last year,” Gamea said.
She
explained that, under the agreement, the three countries will establish a coordination
and follow-up committee, to prepare and implement plans and mechanisms to
enhance industrial and commercial integration.
The
minister noted that it would also facilitate the establishment of joint
industrial projects between the three countries, by setting up mechanisms and
coordinating industrial policies to promote integration in the sectors of
common interest, including: chemicals, fertilizers, agricultural pesticides, garments,
ceramics, leather, and human and veterinary medicines.
The deal,
she further added, stipulates cooperation between the three nations in the
fields of exhibitions and non-customs technical obstacles.
For
his part, al-Shamali, stressed that the accord would contribute to achieving a
qualitative leap in relations between the countries of Egypt, Jordan and Iraq.