Saudi Arabia, Egypt Agree to Cooperate to Promote Trade, Exports

Saudi Arabia, Egypt Agree to Cooperate to Promote Trade, Exports

The Saudi Minister of Commerce with the Egyptian Minister of Trade and Industry during the signing of the minutes of the joint committee meeting. (SPA)

Egypt and Saudi Arabia agreed on Monday to develop and enhance joint cooperation in a wide range of productive and service sectors, especially trade, industry, investment and mineral wealth.

In this regard, Saudi Minister of Commerce Dr. Majid Al-Qasabi affirmed the Kingdom's keenness to enhance cooperation with Egypt, in light of the well-established relations between the two countries.

During a meeting of the Saudi-Egyptian Joint Business Council, Al-Qasabi underlined the keenness of Saudi and Egyptian businessmen to strengthen relations and promote joint investments.

Egypt's Minister of Trade and Industry Nivine Gamea said that the committee's meetings reflected the close fraternal ties between the Kingdom and Egypt, and the importance of activating joint action to move bilateral cooperation forward.

On Monday, the two sides agreed to abide by the provisions of the Greater Arab Free Trade Area and the resolutions of the Economic and Social Council, to remove obstacles that hinder the development of trade exchange, and to maintain the existing coordination in international and regional forums, especially within the framework of the World Trade Organization (WTO), the Arab League and