The ministers underscored the “comprehensive strategic partnership” that has bound their countries for over a decade. El-Khatib expressed anticipation for an upcoming visit by the Chinese Premier to Egypt next month, hoping it would translate recent agreements into concrete projects and investments.
El-Khatib emphasized the critical role of cooperation with
China across all sectors, particularly in maximizing their strategic
partnership through joint ventures amidst global economic volatility. He
highlighted Egypt's strategic location and extensive trade agreements as key
advantages, positioning the North African nation as an ideal production and
export hub for Chinese companies seeking access to regional and global markets.
The Minister also affirmed Cairo's commitment to improving
its investment climate and boosting economic competitiveness, aiming for a
leading position in trade indicators while adhering to World Trade Organization
rules.
Reviewing the outcomes of their joint committee's ninth
session last December, El-Khatib proposed hosting the tenth session in Egypt
this year, stressing the need to increase bilateral trade volume to reflect the
depth of their economic ties.
For his part, Chinese Minister Wang Wentao lauded the $17
billion trade volume between the two countries, reaffirming China's status as Egypt's
largest trading partner.
Wentao praised successful Chinese investments in Egypt,
particularly in the TEDA economic zone. He also highlighted major
Chinese-backed projects in Egypt, including the Iconic Tower and Central
Business District in the New Administrative Capital, the Electric Train, and
various wind and solar energy initiatives.
The Chinese minister reiterated Beijing's commitment to
enhanced cooperation in e-commerce, infrastructure, and renewable energy,
commending Egypt's efforts in attracting Chinese investment.
Both sides agreed to expand cooperation into new sectors, including electric vehicles, feeder industries, electronics, water desalination, solar panels, and artificial intelligence. They also plan to jointly organize an investment promotion forum in Egypt and collaborate on supply chain initiatives.