The Egyptian-Saudi work team concerned with following up on the recommendations issued by the sixteenth session of the Egyptian-Saudi Committee, which was held in Riyadh in May 2018, held the second meeting via video conference, according to a statement from the Ministry of Trade and Industry today, Thursday.
The ministry said that this meeting comes within the framework of the directives of Nevin Jameh, Minister of Trade and Industry, on the importance of activating the joint Egyptian-Saudi work to document historical bilateral ties and enhance economic cooperation and transfer it to distinct levels that are in the interest of the Egyptian and Saudi economies alike, in a way that serves the interests of both countries.
The Egyptian side in the meeting was chaired by Ibrahim Al-Sigini, Assistant Minister for Economic Affairs and Supervisor of the Agreements and Foreign Trade Sector at the Ministry of Trade and Industry, and the Saudi side was chaired by Mishaal bin Muqbel Al-Muqbel, Undersecretary for International Relations and Commercial Attaches at the General Authority for Foreign Trade in Saudi Arabia, with the participation of an official delegation representing the relevant government agencies in the two countries.
Ibrahim Al-Sigini said that the meeting aimed to follow up the implementation of the recommendations issued by the sixteenth session of the Egyptian-Saudi Joint Committee, noting that the implementation of many of the recommendations issued by the joint committee meetings has been completed as a result of full coordination and continuous follow-up between the contact points between the two countries.
He added that the recommendations that have been implemented include a number of areas, including the fields of economy, trade, investment, industry, agriculture, customs, electricity and energy, transportation, housing, as well as financial, social, cultural and media fields.
Al-Sigini said that it was agreed to strengthen cooperation between the two countries in the fields of electricity, energy, communications, information technology, environment, housing, education and technical training, in addition to the fields of media, tourism and antiquities.
He pointed out that it was agreed to hold the work of the seventeenth session of the Egyptian-Saudi Joint Committee in Cairo during the current year, provided that the date would be set in coordination between the two sides.
The Ministry of Trade and Industry said that the meeting resulted in a number of joint recommendations, including:
– The two sides praise the increase in the volume of trade exchange, and the call to increase the movement of trade exchanges in a way that achieves the hopes of the Egyptian and Saudi peoples through the exchange of visits between the private sector, and the organization of introductory trade fairs and participation in them.
– Both sides praise the efforts made during the Corona pandemic period, which contribute to overcoming the obstacles that hinder the movement of trade exchange.
– The two sides agreed to coordinate to hold an investment forum in Riyadh to present investment opportunities in both countries, as well as what has been taken recently to facilitate the investment climate in Egypt, and to coordinate in this regard with the Saudi Ministry of Investment, the Egyptian General Investment Authority, and the Council of Saudi Chambers.
– Both sides affirmed the importance of taking the necessary measures from the relevant authorities of the two countries to implement and enhance cooperation in the field of small and medium enterprises.
– The two sides agreed to hold the fourth meeting of the Saudi-Egyptian Technical Committee in the field of specifications and metrology during the second quarter of 2021 in Cairo.
– Both sides affirmed the necessity to sign a draft memorandum of understanding between the Egyptian Industrial Development Authority and the Saudi Industrial Estates and Technology Zones Authority to enhance joint industrial cooperation during the next phase.
– The Egyptian side praised what was done regarding lifting the ban on importing strawberries, peppers, guava and onions from the Arab Republic of Egypt.
– The two sides affirm their keenness to enhance cooperation and facilitate the movement of exports and trade exchange between the two countries with regard to fresh fruits and vegetables, provided that each side provides the other side with the shipments that are rejected to take the necessary action against the violating companies.
– The continuation of the joint technical committee for land transport to develop joint work between the two countries, and the completion of the outstanding issues that prevented the Corona pandemic from continuing to follow it up.
Emphasis on the continuation of activating the role of the contact points, which were established during the thirteenth session of the committee represented by the General Authority for Foreign Trade for Saudi Arabia and the Trade Agreements and Foreign Trade Sector of the Egyptian Ministry of Trade and Industry, and that all the committee’s work is organized through it, and the problems encountered in the exchange movement are solved. Trade between the two countries.