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Egypt: His Chinese Counterpart Witness Ceremony of Signing Two Agreements, MOU on Fringe of BRICS
Source: 9/5/2017

Egyptian President Abdel Fattah El Sisi and his Chinese counterpart Xi Jinping witnessed the signing ceremony of two cooperation agreements and a memorandum of understanding.

The first agreement is relevant to security cooperation between the Egyptian Interior Ministry and the Chinese Public Security Ministry..

The second agreement pertains to economic and technical cooperation whereby China would grant Egypt 300 million Chinese yuan to carry out the project of Egypt SAT II.

The third deal is a memorandum of understanding between the Egyptian Ministry of Investment and International Cooperation and the Chinese Ministry of Trade to implement a project of an electric train linking between El Salam City at the 10th of Ramadan and Belbeis in Sharqiya Governorate.

Sisi and Xi held a session of talks earlier in the day which tackled means of bolstering bilateral ties in all fields, reviewed a set of joint projects and the progress achieved in the volume of trade exchange between the two countries. .

They also addressed means of giving more incentives to allow Egyptian products more access to the Chinese market.

The two leaders also discussed enhancing Chinese investments in Egypt especially in the Suez Canal Development Corridor and the new cities that are currently under construction.

Talks also pored over a set of regional and international issues of common interest.

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