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On the Second Session of Belarus-Egypt Intergovernmental Commission

18 September 2014

18-09-2014

On September 17 – 18, 2014 the second session of Belarus-Egypt Joint Commission on Trade, chaired by the Minister of Trade of the Republic of Belarus Mr.Valentin Chekanov and Minister of Trade and Industry of the Arab Republic of Egypt, Mr.Mounir Fakhry Abdel Nour took place in Minsk.

During the session of the Comission, the sides exchanged views on the current state and prospects of cooperation, discussed the issues of interaction in the fields of trade, industry, agriculture, transport, construction and other fields. The parties noted the positive dynamics in trade turnover and the importance of the agreements reached within the meeting of the Commission that aim at full realization of the economic potential of the Republic of Belarus and the Arab Republic of Egypt.

The sides positively evaluated the plans for the development of automotive equipment assembly plants in Egypt and joint efforts to promote it on the neighboring markets. The prospects of attracting Belarusian companies and technology to a number of construction projects in Egypt were discussed.

Separately the parties touched upon the issues of the bilateral legal framework development. The Egyptian side showed interest in starting the preparation of free trade agreement between Egypt and the countries of the Customs Union of Belarus, Russia and Kazakhstan. During the meeting, the Commission signed the final protocol, as well as memorandums of cooperation between the chambers of commerce and industry, and cooperation in the field of exhibition and trade fair activities.

The Head of the Egyptian delegation Mr.Mounir Fakhry Abdel Nour met with the First Deputy Prime Minister of Belarus Mr.Vladimir Semashko. He also had a meeting with the leadership of the Ministry of Economy, the Ministry of Industry, the Ministry of Foreign Affairs of the Republic of Belarus.

On the same day business matchmaking session with the participation of Belarusian and Egyptian business circles was held at the premises of Belarusian Chamber of Commerce and Industry. The sides agreed to organize the next Belarusian-Egyptian business segment in Minsk in October-November 2014.

The third meeting of the Intergovernmental Commission is planned to be held in Egypt in 2015.

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