Egyptian-Chinese relations witness great leap: PM

Egypt’s Prime Minister Moustafa Madbouly stressed that Egyptian-Chinese relations have witnessed a great leap over the past period both at regional and international levels that were further developed to reach the level of strategic partnership during President Abdel Fatah al-Sisi’s first visit to China in December 2014.

Addressing China’s First International Import Expo (CIIE), Madbouly thanked the Chinese president and people for inviting Egypt to attend the event as a guest of honor.

This invitation mirrors China’s keenness on boosting trade and economic cooperation with Egypt, he said.

He said the CIIE provides a real opportunity to enhance joint cooperation between Egypt and China in the commercial and investment domains, stressing that Egypt’s participation in this important expo comes in recognition of China’s efforts to promote international trade and achieve the principle of fair trade among countries.

At regional level, Egypt was among the earliest countries that signed joint cooperation agreement with China within the framework of the Belt and Road Initiative which was announced by the Chinese president in 2013, he added.

China is Egypt’s fourth largest trade partner and Egypt is also China’s fourth largest trad partner in the African continent, Madbouly said.

According to the 2017 statistics, trade between the two countries reached 11 billion dollars with trade balance being tilting towards the Chinese side. This shows the importance of more joint efforts for balanced trade between the two countries.

Source: MENA