During the meeting, Minister Abdelatty highlighted the Egyptian economy's strong performance and the government's commitment to improving the investment climate. He detailed efforts to foster partnerships with the private sector and attract foreign investment through several key initiatives. These include streamlining customs and trade procedures, offering tax incentives, and implementing structural reforms. The positive impact of these reforms is clearly reflected in Egypt's recent financial and economic achievements.
He underscored Egypt's strong desire to expand bilateral
relations across all sectors, recognizing the promising opportunities for
successful partnerships between the two nations. He then outlined Egypt's comprehensive
vision for bolstering these ties, aiming to achieve economic, commercial, and
industrial integration that benefits both countries. He also highlighted the agreement
reached last February during Minister of Investment and Foreign Trade, Engineer
Hassan El-Khatib's visit to Morocco, which focuses on facilitating trade and
investment access.
The Minister of Foreign Affairs, Dr. Badr Abdelatty,
highlighted the ongoing coordination and exchanges between the trade ministers
of both Egypt and Morocco. He also drew attention to the successful Egyptian-Moroccan
Business Forum held on May 4th in Cairo, which saw the participation of 148
companies from both nations.
He expressed optimism that the existing trade agreements
would facilitate access to new markets for their products, particularly within
Africa. Furthermore, he anticipated that these agreements would lead to the establishment
of new commercial and investment partnerships and the development of joint
projects across various economic sectors. To further enhance this integration,
he stressed the importance of regular economic meetings and forums between the
two countries.
The meeting also featured an interactive discussion with
Moroccan businessmen, during which participants reviewed existing Egyptian
investments in Morocco and Moroccan investments in Egypt. They explored various
strategies to enhance these investments, ultimately agreeing to arrange future
reciprocal visits for businessmen from both countries in the coming period.
Attendees commended the Egyptian government's initiatives to improve the investment climate and ease access to the Egyptian market. They also highlighted the promising opportunities for jointly targeting neighboring African markets, leveraging the existing trade frameworks and agreements between Egypt and Morocco.