Egypt, Israel expand economic ties

Mohamed Sabry

French Economy Minister Bruno Le Maire, Egyptian Prime Minister Mostafa Madbouli, and Egyptian Trade and Industry Minister Nevine Gamea. — French Economy Minister Bruno Le Maire, Egyptian Prime Minister Mostafa Madbouli, and Egyptian Trade and Industry Minister Nevine Gamea pose together for a group photo after signing a bilateral agreement at the prime minister's office in the capital, Cairo, on March 28, 2022. — AFP via Getty Images

Egypt and Israel held talks March 31 to discuss ways of expanding their economic and trade relations, in the latest sign of warming ties between Cairo and Tel Aviv.

Minister of Trade and Industry Nevine Gamea and Minister of Planning Hala al-Saeed met in Cairo with Israel's Minister of Economy and Industry Orna Barbivai.

A statement by the Egyptian Ministry of Trade and Industry said talks between the two sides dwelt on ways of strengthening trade and economic cooperation under the Protocol of the Qualified Industrial Zone (QIZ) to increase export capacity in the coming period.

The discussions also targeted the activation of bilateral trade and investment capabilities to be reflected on boosting economic growth rates, including the optimal investment in the size and scope of the QIZ agreement.

Egypt, Israel expand economic ties

Cairo and Tel Aviv strengthen trade and economic cooperation and increase their export capacity under the protocol of the Qualified Industrial Zone.

SUBSCRIBER EXCLUSIVE

Continue reading this exclusive analysis

Original reporting and analysis unavailable elsewhere. Subscribe to AL-MONITOR to read this story and access everything we publish

Read By