Egyptian-Hungarian Committee wraps up by signing 2 MOUs to exchange expertise on int’l cooperation

Egyptian-Hungarian Committee wraps up by signing 2 MOUs to exchange expertise on int’l cooperation

During the ministerial session, a memorandum of understanding (MOU) was signed to exchange expertise in the field of international cooperation, development funding between the Ministry of International Cooperation and the Hungarian Foreign Ministry as well as another MOU in the field of social affairs which aims at enhancing joint cooperation and coordination in the various social fields.

During the session, Egyptian Minister of International Cooperation Rania El Mashat extended thanks to the Hungarian side on the warm welcome and hospitality, noting that both countries have established close and historical relations for approximately 100 years. She also said relations have been further enhanced through exchanging visits between the two countries’ leaders, citing the recent visit of President Abdel Fattah El Sisi to Hungary as well as Hungarian President János Áder’s recent visit to Cairo.

Mashat pointed out to the efforts of the Egyptian State under Sisi’s leadership in deepening ties with various friendly countries with the aim of boosting economic relations with the Visegrád Group member states.

She also reviewed the progress of Egyptian-Hungarian relations over the past years, noting that the volume of trade exchange exceeded dlrs 400 million and that the number of Hungarian companies investing in Egypt is on the rise