Egypt’s Sisi approves framework deal with China

Egypt’s President Abdel Fattah al-Sisi issued on Sunday a decree approving a framework deal between Trade and Industry Ministry and Investment Ministry on one hand and China’s National Development and Reform Commission (NDRC) and Trade Ministry on the other hand.

The agreement, signed in Beijing on September 2, 2015, aims at promoting economic development and cooperation in the field of productive energy.

The agreement also seeks to foster cooperation between Cairo and Beijing in the areas of trade and innovation.

The decree no. 229/2016 was published in the official gazette on Saturday.

Source: MENA