Chinese ambassador: We are keen to increase the volume of trade exchange with Egypt and strengthen economic and investment relations
Dr. Mohamed Maait, Minister of Finance, confirmed, We are continuing to create an attractive business environment for investments of all kinds in various development sectors; In a manner that allows for increased joint cooperation with the major economies of the world, which contributes to strengthening the structure of the national economy, and sustainable growth rates, providing new job opportunities, Improving the lives of citizens and upgrading the services provided to them. Pointing out that China is an important trading partner for Egypt, We are keen to expand the scope of the existing cooperation between the two countries to include the financial fields.
Minister said, During his meeting with Liao Liqiang, Chinese Ambassador to Cairo, Close relations bind the two countries in a framework of appreciation and mutual respect. And that there is wide coordination between the two countries in many international forums, Pointing out that we are targeting joint cooperation with the Chinese side to issue Egyptian yuan bonds in the Chinese market, It is the second largest bond market in the world. This contributes to diversifying the sources and tools of financing. and attract new investors, It helps reduce the cost and diversify sources of financing development investments.
Minister added, We are keen to enhance trade exchange, economic relations and joint investments in various fields, including the transfer of modern technology, It contributes to launching an industrial base for the production of Chinese electric cars in Egypt. To take advantage of the Chinese industrial renaissance, Stressing that economic reform helped us a lot in enhancing the resilience of the economy and giving it the ability to overcome challenges and absorb economic shocks imposed by global changes, Because of the Corona pandemic and the Ukrainian crisis.
The Chinese ambassador in Cairo expressed his appreciation for the economic reform efforts in Egypt. In a way that contributes to containing the effects of the inflationary wave that is currently hitting the global economy, In addition to the pressures resulting from the high prices of wheat, food commodities and petroleum, He affirmed his country’s keenness to increase trade exchange and strengthen economic and investment relations with Egypt. Expanding means of joint cooperation in various fields.
The meeting was attended by: Sherine El Sharkawy, First Assistant Minister of Finance for Economic Affairs, and Ambassador Dr. Hossam Hussein, Adviser to the Minister for External Relations, Mai Adel, Minister’s Advisor for Financial Markets, And Doaa Hamdy, Head of the External Relations Unit.