Emirate, Egypt agree to enhance bilateral cooperation

Egypt has agreed with Emirate on enhancing the bilateral cooperation in different economic fields in order to make a quantum leap in the level of commercial and industrial investment and mutual relations between the two sides

Cairo  hosted  Saturday meetings of the first session of the Egyptian-UAE joint economic committee to be co-chaired by Egypt’s Minister of Trade and Industry Tarek Kabil and UAE Minister of Economy Sultan bin Saeed al Mansoori, with a large number of senior officials attending.

The meeting aimed at promoting cooperation in the fields of industry, agriculture, customs and investments.

Moreover, the trade minister said that holding the Egyptian-UAE committee stems from both countries’ keenness on fostering bilateral trade and economic cooperation relations, a move that is expected to bring about a qualitative leap on the commercial and investment levels.

Kabil said that both sides agreed to remove obstacles that stand in the way of trade between both countries, and to facilitate the private sector’s participation in trade fairs with the aim of promoting national products.

They also agreed on the signing of a memorandum of understanding (MoU) in the field of specifications and standards and enhancing cooperation in exchanging expertise and making use of the training programs organized by customs training institutes in both countries.

The two sides further agreed on completing the agreement on administrative cooperation in customs issues in preparation of signing it soon.