An Egyptian-Turkish settlement to boost business alternate to $15 billion

After years of estrangement, Egypt and Turkey agreed to seriously build up the amount of business alternate within the coming years.

All through a joint press convention in Cairo, introduced in combination through Egyptian President Abdel Fattah El-Sisi and his Turkish counterpart, Recep Tayyip Erdogan, the 2 presidents agreed to extend the amount of business alternate between the 2 nations.

Al-Sisi identified, right through the convention, that Egypt is lately Turkey’s first buying and selling spouse in Africa, and that Turkey is without doubt one of the maximum necessary locations for Egyptian exports.

Al-Sisi mentioned: “In combination, we can search to boost business alternate to $15 billion over the following couple of years, reinforce joint investments and open new spaces of cooperation.”

For his phase, Turkish President Recep Tayyip Erdogan mentioned that family members between the 2 nations were raised to “the extent of high-level strategic cooperation,” noting that his nation is taking a look ahead to expanding Turkish investments in Egypt, which lately quantity to $3 billion.

Erdogan pointed to his nation’s want to extend industrial and commercial cooperation with Egypt, in addition to cooperation within the box of protection industries.

Turkish President Recep Tayyip Erdogan visited Cairo as of late, Wednesday, for the primary time in additional than 11 years.

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