Egypt, China sign agreement to form business council of Silk Road states

Federation of Egyptian Chambers of Commerce (FEDCOC) signed Monday an agreement with China to form a business council including the 65 countries alongside the Silk Road. Accordingly, Egypt has become among the first states to sign the agreement that comes as pursuant to China 2023 initiative.

FEDCOC Chairman Ahmed El-Wakeel stated that this agreement would open gates for Egypt to cooperate with states along Silk Road and would be an effective factor in developing Suez Canal axe project.

The agreement was signed during the conference held Monday by Egyptian Chinese Trade Centre on promoting investments in Egypt as well as cooperation between Egyptian and Chinese firms with the attendance of 40 Chinese firms.

The Silk Road enriched the countries it passed through, transporting cultures, religions, languages and of course material goods into societies across Europe, Asia and Africa, and uniting them all with a common thread of cultural heritage and plural identities.