URGENT: US PPI declines by 0.2% in May    Egypt secures $130m in non-refundable USAID grants    HSBC named Egypt's Best Bank for Diversity, Inclusion by Euromoney    Singapore offers refiners carbon tax rebates for '24, '25    Egypt's CBE offers EGP 4b zero coupon t-bonds    G7 agrees on $50b Ukraine loan from frozen Russian assets    EU dairy faces China tariff threat    Over 12,000 Egyptian pilgrims receive medical care during Hajj: Health Ministry    Egypt's rise as global logistics hub takes centre stage at New Development Bank Seminar    Blinken addresses Hamas ceasefire counterproposal, future governance plans for Gaza    MSMEDA, EABA sign MoU to offer new marketing opportunities for Egyptian SMEs in Africa    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    Egypt's Water Research, Space Agencies join forces to tackle water challenges    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Egypt, China push forward on expanding relations
Published in Bikya Masr on 03 - 05 - 2011

CAIRO: Egypt and China are continuing their top level push to increase bilateral relations. On Monday, China's Foreign Minister Yang Jiechi met with his Egyptian counterpart Nabil el-Arabi to look into bolstering the two countries' partnerships.
The Chinese foreign minister told reporters that as a result of the two countries long history together, they hope to establish further strategic cooperation deals, including bilateral ties Jiechi dubbed “south-south cooperation.”
This year marks the 55-year anniversary of the creation of diplomatic relations.
As a result, China said it would look to continue its policy of cooperation partnerships with Egypt.
The foreign minister said that both countries should look to “deepen political and strategic cooperation, consolidate practical cooperation in all sectors and coordinate closely on international and regional affairs.”
He added that Egypt is facing a monumental change and that Beijing would respect the will and choices of the Egyptian population.
“China supported the efforts made by Egypt to maintain domestic stability and promote economic and social development,” said Yang. “The Egyptian side had enough wisdom and abilities to realize a smooth transition of power and enter a new era of stability and development,” he added.
In October, the two countries inked 22 deals totaling $400 million to expand trade and economic relations.
According to the new agreements, China and Egypt will cooperate in tourism, agricultural and power projects. They also signed on for the establishment of manufacturing plants for cars, spare parts, home appliances and electronics in Egypt.
China already has a large foot inside Egypt, with factories sprouting up across the country in an effort to enter the market here and across Africa.
A Chinese economic official told Bikya Masr recently that China's efforts in Egypt “are linked to its goal of pushing forward in Africa and bolstering China's trade relations with the continent.”
Egypt was the first Arab country to recognize China in 1956. Since then, the two nations have enjoyed a bilateral cooperation on many sectors. Currently, 1,079 Chinese companies are operating in Egypt which, translates into $323.9 million invested.
The Chinese foreign minister is expected to meet with Chief of Egypt's Supreme Council of the Armed Forces Hussein Tantawi on Tuesday as part of his two-day visit to the North African nation.
BM


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