The Egyptian Ministry of Trade and Industry announed on Sunday the sigining of a new cooperation agreement with Kuwait, in fields of trade and industry. The statement clarified that Egypt's Minister of Trade and Industry Mounir Fakhry Abdel Nour and the Kuwaiti Deputy Prime Minister and Minister of Commerce and Industry Abdul Mohsen Modadj agreed to ensure the exchange of expertise in industrial and modern technologies. Nour statements highlighted that the agreement strengthens trade, industrial ties, and creates new investment opportunities. The five-year agreement will be automatically renewed to maintain economic ties and regular exchange of trade information and laws between the two states.