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Samir, EU envoy eye further cooperation
11 December 2022  -  Sector :  -  Entity :  -  Category : General

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The meeting has discussed boosting economic cooperation with the EU under the Association Agreement.

Cairo- Dec 11, 2022

Minister of Trade and Industry Ahmed Samir has explored with Christian Berger, EU ambassador to Egypt, means of boosting economic cooperation during the coming period under the EU-Egypt Association Agreement, in force since 2004.

The meeting explored the country’s efforts to stimulate the economy and create a business-friendly climate especially in light of current global challenges, as well as available opportunities for mutual cooperation.

“Egypt and the EU have shared long-lasting ties of fruitful cooperation both at the government and business levels, EU being the country’s biggest economic partner,” Samir said.

The two sides agreed on deeper communication to encourage European companies to inject fresh investments in the local market, while benefiting from the incentive packages offered by the government. Organizing a joint business forum in Egypt was also discussed, in cooperation with the ministry.

He added that Egypt seeks to boost cooperation with the EU in the auto industry and become a manufacturing and export hub for the 27-member bloc’s goods into Africa through the African Continental Free Trade Area (AfCFTA).


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