Egypt, Israel seek to boost trade exchange following COP27
Israel offered Egypt to develop rice cultivation using the latest technologies and curb the water shortage crisis in Cairo, within the framework of the two countries’ efforts to increase trade exchange.
CAIRO, Egypt — Taking advantage of the 2022 United Nations Climate Change Conference (COP27) hosted by Egypt in the Red Sea resort city of Sharm el-Sheikh Nov. 6-18, Israel and Egypt seem to be considering different ways to promote cooperation in technology and investments, while increasing their trade exchange.
Israel offered to help Egypt develop its local rice cultivation to curb the water shortage crisis plaguing the country.
According to an Israeli diplomat who spoke to Israel’s I24 news channel on the sidelines of the COP27, Israel’s offer came within the framework of Israeli efforts to market its technologically advanced agricultural companies and expand their activities in Egypt amid the country’s water crisis.
Israeli Ambassador to Egypt Amira Oron said on Nov. 15 that more than 100 Israeli businessmen were visiting Sharm el-Sheikh to discuss investments in the energy, water and food sectors, and to present Israeli technology and discuss global climate challenges.
