Increasing bilateral trade and involvement of Romanian companies in projects in Egypt, joint Romanian-Egyptian objectives

Identifying areas of cooperation of major interest, increasing bilateral trade, getting Romanian companies involved in the development of projects in Egypt, and attracting Egyptian investment to Romania were the main subjects discussed by Romania's Minister for Business, Commerce and Entrepreneurship Ilan Laufer and Egypt's Prime Minister Sherif Ismail.

The meeting of the two officials took place in Cairo at the Romania-Egypt Business Forum organised by the Egyptian Businessmen's Association, where the Romanian delegation was composed of representatives of member companies of the Bucharest Chamber of Commerce and Industry.

Ilan Laufer and Sherif Ismail agreed on strengthening the economic dimension between the two countries, with emphasis on its development in the coming period.

"The traditional trade relations between our countries as well as the increased interest of the Romanian companies in the Egyptian market, the restart of the Romanian-Egyptian Joint Committee after seven years, the Romanian economy's performance in recent months, the government's efforts to support investors coming up with viable projects in Romania, an attractive legislative framework are as many arguments for attracting Egyptian capital," said Laufer.

He unveiled the results of his official visit after meetings with Egyptian dignitaries. Among the topics discussed, Laufer mentioned speeding up the signing of memoranda of understanding still under negotiation (related to natural gas transmission, air services, aeronautical cooperation, tourism). They will complement the co-operation framework defined by five bilateral documents already signed in the areas of SMEs, investment, agriculture, water, irrigation resources and cooperation between the Constanta and...