Presidents of Uzbekistan, Egypt discuss bilateral cooperation

The talks between President of Uzbekistan Shavkat Mirziyoyev and President of Egypt Abdel Fattah el-Sisi took place at the Al-Ittihadiya Palace in Cairo.

The heads of state discussed in detail the issues of further building up cooperation between Uzbekistan and Egypt and agreed to bring relations to the level of a comprehensive partnership.

The key topics of the talks were the cardinal expansion of collaboration in politics, security, trade and industrial cooperation, as well as expansion of cultural, humanitarian and educational ties.

The Presidents noted the commonality of the ongoing reforms within the framework of Egypt Vision 2030 and the Development Strategy of New Uzbekistan.

The parties expressed interest in exchanging experience in fighting corruption, countering modern security challenges and threats, and mutual support for international initiatives to stabilize and rebuild Afghanistan.

A special attention was paid to the development of trade, economic and investment cooperation. The Presidents highly appreciated the results of the Uzbekistan–Egypt business events held on the eve of the visit of the President of Uzbekistan.

Agreements were reached on creating favorable conditions for attracting mutual investments. Taking into account the complementary nature of the economies of the two countries, 5 specific areas of cooperation in the gas chemical, textile, electrical, jewelry and pharmaceutical industries have been defined.

For the development of industrial cooperation and the establishment of highly profitable joint ventures, it was proposed to use the possibilities of free economic zones available in Uzbekistan.

The parties discussed the prospects for the implementation of joint projects in the energy sector, as well as measures to develop transport routes linking Uzbekistan and Egypt.

AKIPRESS

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