Egypt’s FM, EU commissioner agree to maximise mutual economic benefits

Egypt’s FM, EU commissioner agree to maximise mutual economic benefits

Egypt's foreign minister Sameh Shoukry discussed means to boost cooperation with the European Union (EU) on Monday in a phone call with the EU Neighbourhood and Enlargement Commissioner Olivér Várhelyi, the Egyptian foreign ministry said.

Shoukry and Várhelyi agreed on the necessity to boost the development and economic benefits out from the EU-Egypt Association Agreement.

The Egyptian foreign minister said Egypt was looking forward to receive more European investments by encouraging European companies to increase the size of their projects in Egypt and facilitate the process of exporting Egyptian goods to EU markets.

Shoukry added that Egypt was ready to launch tripartite cooperation with the EU in African countries to support development efforts in the continent.

Várhelyi said Egypt played an integral role in maintaining regional stability and security.