Deputy Prime Minister for Economic Affairs Hussein Eissa and the European Union’s (EU) Ambassador to Egypt Angelina Eichhorst discussed on Tuesday ways to boost economic, trade and investment co-operation under the Egypt-EU Strategic and Comprehensive Partnership.
During the meeting, Eissa highlighted the deep-rooted Egypt-EU relations, referring to the bloc as one of Egypt’s key development partners, commending its support for economic reform and major development projects.
He also reaffirmed the government’s commitment to implementing its economic reform programme, improving the investment climate, expanding private sector participation, attracting foreign investment, and boosting production, exports, entrepreneurship and innovation.
Eissa outlined the Egyptian government’s programme to restructure state-owned enterprises and economic authorities to enhance efficiency and governance. He noted that 20 state-owned companies, including three petroleum firms, had recently been listed on the Egyptian Exchange as part of the government’s asset management and privatisation programme.
The meeting reviewed major national initiatives, including the Decent Life rural development programme, the Universal Health Insurance System and the Takaful and Karama social protection scheme.
For her part, Eichhorst reaffirmed the EU’s commitment to deepening its strategic partnership with Egypt and expanding economic and investment co-operation, noting that a number of European companies are looking to increase their investments in the Egyptian market.
