The Egyptian-Azerbaijani joint committee signs 5 cooperation documents in the fields of ports, business councils, strengthening commercial partnerships and small and medium enterprises
Aya Hussein
• Dr. Rania Al-Mashat, Minister of International Cooperation and Head of the Egyptian side, stresses the importance of the results of the joint committee in advancing relations between the two countries and opening more opportunities for cooperation between the public and private sectors
• Mr. Rashad Nabayev, Minister of Transport and Digital Development and Head of the Azerbaijani side: Strengthening communication with the Egyptian side to activate the agreed documents, and we have many common areas of cooperation, including digital transformation and the huge cultural heritage
Held today in the capital The Republic of Azerbaijan “Baku”, the activities of the fifth session of the meetings of the Egyptian-Azerbaijani Joint Committee for Economic, Scientific and Technical Cooperation headed by Dr. Rania Al-Mashat, Minister of International Cooperation on the Egyptian side, and Mr. Rashad Nabayev, Minister of Transport and Digital Development on the Azerbaijani side, where 5 cooperation documents were signed in the fields of Various development, to expand the scope of economic, scientific and technical cooperation between the two countries.
During the activities of the committee, the protocol of the fifth session of the Egyptian-Azerbaijani joint committee was signed, which includes a number of fields, most notably: investment, trade and industry, health, and other industries. Pharmaceuticals, electricity and renewable energy, petroleum and mineral resources, higher education and scientific research, culture, youth and sports, tourism and archeology, communications and information technology, agriculture, transportation, as well as cooperation between the free economic zones in both countries. A memorandum of understanding for cooperation was signed between the Small, Medium and Micro Enterprise Development Authority of the Arab Republic of Egypt and the Agency for the Development of Medium and Small Enterprises of the Republic of Azerbaijan, with the aim of enhancing cooperation and technical and technical exchange in the field of small, medium and micro enterprises through the exchange of technical and technological expertise of both countries in this field.
In addition to a memorandum of understanding for the establishment of the Egyptian-Azerbaijani Business Council between the Ministry of Trade and Industry in the Arab Republic of Egypt and the Export and Investment Promotion Corporation of the Republic of Azerbaijan, which aims to support the commercial partnership between the Arab Republic of Egypt and the Republic of Azerbaijan and to enhance the participation of the private sector in projects established in both countries.
And a memorandum of understanding for cooperation between the port of Alexandria in the Arab Republic and the port of Baku in the Republic of Azerbaijan: This memorandum aims to achieve mutual benefit, enhance relations, achieve sustainable development between the two ports and enhance trade relations, as well as a draft memorandum of understanding for cooperation between the Egyptian Businessmen Association in the Arab Republic of Egypt and the Export and Investment Promotion Corporation in the Republic of Azerbaijan. This memorandum aims to support the partnership between the sector in both countries. Arab Egypt.
Minister of International Cooperation, Dr. Rania Al-Mashat, stressed the importance of the results of the discussions during the activities of the fifth session of the Joint Committee and the protocols that were signed in various fields, noting the importance of moving forward to implement the protocols. And the signed documents and the continuous coordination between the two sides to move the joint relations to broader horizons in a way that enhances development in the two countries. For economic, scientific and technical cooperation between the two countries in order to develop joint relations and advance development efforts, noting that the committee, over the previous sessions, contributed to Strengthening aspects of joint cooperation between the Arab Republic of Egypt and the Republic of Azerbaijan in many fields, including the fields of trade, industry, investment, agriculture, civil aviation and culture.
Al-Mashat added that this is her second visit to Baku and that this Mutual visits and the joint committee testify to the development of cooperation between the two sides and the great opportunities available based on the capabilities of the two countries and their competitive advantages. , pointing out that the coming period may witness many potential areas of cooperation such as digital development and technology in which many cooperation frameworks can be implemented, as well as the huge cultural heritage between the two sides, and all areas of economic cooperation. The Azerbaijani Minister of Transport expressed his appreciation for the Egyptian-Azeri relations and the results of the fifth session of the joint committee, pointing to his country’s keenness on the participation of the Azerbaijani private sector in development projects in Egypt in light of the development it is witnessing in many fields.
He stressed that the Azeri side will enhance communication in the coming period with the Egyptian government to facilitate cooperation frameworks, open work fields for companies from the private sector and exchange information on available cooperation and investment opportunities. In the same context, the Minister stressed the Egyptian government’s keenness to attract private sector investments, especially in major national projects and new cities.
The agenda of the fifth session of the Egyptian-Azeri Joint Committee included a discussion of economic, scientific and technical cooperation between The Arab Republic of Egypt and the Republic of Azerbaijan, with a focus on specific areas, and the needs and priorities of the Egyptian side in order to ensure the maximum benefit for both parties, such as: investment, trade and industry, health, pharmaceutical industries, electricity, renewable energy, petroleum, mineral wealth, higher education, scientific research, culture, youth, sports, tourism, antiquities, communications, information technology and agriculture And transportation, as well as cooperation between the free economic zones in both countries. For the following ministries and entities: Ministries of International Cooperation, Health, Population, Trade, Industry, Culture, Agriculture, Land Reclamation, Electricity, Renewable Energy, Tourism, Antiquities, Higher Education, and Research It is scheduled to take place within the activities of the Egyptian-Azerbaijani Joint Committee, holding the Egyptian-Azerbaijani Business Forum in the presence of about
businessmen and representatives of the sector private sector from Egypt, and representatives of Azerbaijani companies to discuss all possible ways to increase economic cooperation between the two countries, as areas of common interest were identified, namely: import and export, tourism, pharmaceutical manufacturing, construction, agriculture, transportation, communications and information technology, financial sector, renewable energy , chemicals, heavy equipment industry, and the activities of the forum will witness the presentation of promotional presentations on investment opportunities in the Arab Republic of Egypt, and the economic zone in the Suez Canal, as well as a promotional presentation on the Azeri economic zone.
