A Egyptian-German economic conference kicked off in Cairo on Monday with the participation of Peter Altmaier, German federal minister for economy and energy, and Amr Nassar, Egypt's minister of trade and industry. The conference will be attended by an economic and parliamentary delegation from Germany as well as the Egypt's Petroleum Minister Tarek El Molla and Ahmed El-Wakil, chairman of the Federation of Chambers of Commerce and of the board of directors of the Chambers of Industry. The conference visit aims to create a positive impression of the progress of economic reforms in Egypt and further strengthen the economic relations between the two countries. The two ministers are scheduled to take part in the opening of the fifth session of the joint economic committee on Monday. Germany is one of the most important economic and trade partners to Egypt. Trade volume between the two countries reached $6 billion in 2018, according to the German embassy. German tourists also represent the largest foreign tourist bloc visiting Egypt. President Abdel-Fattah El-Sisi said on Sunday that Egypt highly appreciates the role played by German companies in achieving the country's economic and social development. In a meeting with a German delegation comprising CEOs and representatives of major companies and a number of German MPs, El-Sisi said that Cairo had succeeded in making major steps towards consolidating stability, the main pillar towards attaining economic growth.
