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May 10, 2021

President Iohannis meets Egyptian counterpart, voices interest of Romanian companies to invest in Egypt

Romania’s President Klaus Iohannis on Saturday met his Egyptian counterpart Abdel Fattah El-Sisi on the sidelines of the EU-League of Arab States summit, held in Sharm El-Sheikh,Egypt.

According to a presidential administration’s press statement, Iohannis rated as excellent and solid the relationship between the two countries, as Egypt is one of Romania’s traditional friends in the region and an essential factor in ensuring regional stability and security.

He thanked his Egyptian counterpart for the very good organization of the EU-LAS Summit, showing that the meeting is of special importance.

The two heads of state expressed their interest in and determination to deepen bilateral relations, on all dimensions of mutual interest, with emphasis on the economic dimension. President Iohannis voiced satisfaction with the rising level of bilateral trade, which reached 208 million US dollars in 2018, with Egypt becoming Romania’s main trading partner in the region.

“President Klaus Iohannis underscored the need to further develop the trade relationships to reach their existing very high potential and mentioned the interest of Romanian companies in doing business and investing in Egypt. To reach the full potential of the economic relationships, the two heads of state agreed to continue sectoral efforts to diversify trade, boost investment, establish partnerships between companies in the two countries, and winning joint access to third markets.”.

Iohannis expressed his conviction that the next round of the Joint Economic, Scientific and Technical Co-operation Committee, to be held in Cairo February 26-28, will play an important role in the development of economic and sectoral co-operation between the two countries.

Given that in this half-year Romania is holding the presidency of the Council of the European Union and Egypt is holding the presidency of the African Union, the two officials agreed on the importance of identifying projects of common interest for the African area designed for the development of important areas such as industry, including high-tech industry, education, research, security co-operation, culture.

“While in office, Romania will act as a facilitator of dialogue for this purpose,” the Presidential Administration indicates.

The meeting highlighted the fact that Romania has been consistently, from a bilateral perspective and in the last 12 years as a member state of the European Union, a friend and supporter of Egypt, including by fully supporting the implementation of EU programmes to assist and strengthen the European Union-Egypt partnership, which is important to the stability, peace and prosperity of the Mediterranean area, the Middle East, Africa and Europe.

Iohannis encouraged further co-operation between the EU and Egypt, indicating that he will help settle conflicts, build peace and address the political and economic challenges in these regions more effectively.

According to the Presidential Administration, the Egyptian president thanked Romania for good co-operation under regional and multilateral frameworks and expressed its special appreciation for the relationship with Romania over time, including at EU level. He emphasised that there is a strong relationship that Egypt wants to develop even further.

The two heads of state agreed to further enhance the quality of the presidency of the EU Council held by Romania and the presidency of the African Union held by Egypt going forward.

The two officials also discussed a series of challenges at regional level, with emphasis on combating terrorism and illegal migration.

President Abdel Fattah El-Sisi welcomed an invitation from Klaus Iohannis to visit Romania.

President Klaus Iohannis was in Egypt to attend the EU- League of Arab States summit in Sharm El-Sheikh.

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