Egypt, Turkey discuss industrial cooperation

Egypt, Turkey discuss industrial cooperation

Egypt’s Minister of Trade and Industry Ahmed Samir and Turkish Minister of Industry and Technology Mehmet Fatih Kacır met in Ankara on Thursday to discuss ways to enhance joint industrial cooperation.

This came on the sidelines of Samir’s visit to Ankara from 1-3 August, which marked the first visit of an Egyptian Trade Minister to Türkiye in a decade.

The two ministers discussed the possibility of signing a joint memorandum of understanding that would cover industrial cooperation, technical expertise transfer, technical training, university education, pre-university education, industrial investment, and agricultural manufacturing.

Samir also proposed establishing a mechanism for joint cooperation in manufacturing in Egypt and exporting to various countries. He noted that Egypt has a system of commercial agreements with a large number of countries and economic blocs, providing many preferential benefits to exporting companies.

The ministers also discussed opportunities for technical and professional cooperation in centres of excellence and innovation. This includes the possibility of establishing a Turkish industrial zone in Egypt, as well as exchanging experiences and technologies in some industries that Egypt seeks to localise, such as the automotive industry and its supporting industries.

Samir said that both sides discussed the possibility of developing a joint plan until June 2024 for priority