CAIRO, July 2, 2018 (MENA) – Egypt and Bangladesh Monday signed an economic and technical co-operation agreement. The agreement was signed by Investment and International Co-operation Minister Sahar Nasr and the Bangladeshi Ambassador here Muhammad Ali Sorcar. Nasr underlined that the agreement will contribute to promoting joint co-operation in several sectors topped by encouraging mutual investments and exchanging experts as well as trainees besides providing scholarships in the economic and technical fields. The agreement stipulates the establishment of joint ventures between the firms of the public and private sectors in both countries, she said. It represents a step towards creating new aspects of bilateral co-operation, the minister underscored, stressing the importance of enhancing economic and investment relations between the two countries. Nasr affirmed that the agreement is considered a general framework to memoranda of understanding (MoU) that will be inked during the coming period including an MoU to encourage investment. She urged investors in Bangladesh to pump new investments especially in the mega national projects of developing the Suez Canal zone and Upper Egypt, calling on them also to benefit from the incentives which are guaranteed by the new investment law. The minister stressed the importance of increasing the volume of Bangladeshi investments in Egypt which amount to $12 million in the fields of information technology and services. For his part, Ambassador Sorcar said that Egypt is one of the most important strategic countries that Bangladesh seeks to bolster co-operation with in many fields.
