ARMINFO News Agency, Armenia
 Saturday


Nasr: Egypt is interested in deepening cooperation with Armenia in
trade, economic and investment spheres

Yerevan September 30

Mariana Mkrtchyan. Armenian President Serzh Sargsyan received the
Egyptian delegation led by the Minister of Investment and
International Cooperation Sahar Nasr, who arrived in Armenia to
participate in the work of the 5th Armenian-Egyptian intergovernmental
commission.

As the press service of the Armenian leader told ArmInfo, Sargsyan
stressed that the Armenian-Egyptian centuries-old relations are based
on friendship and mutual trust, on which, after the establishment of
diplomatic relations, interstate relations were built.

The Egyptian minister noted that Egypt is interested in deepening
cooperation with friendly Armenia in the trade, economic and
investment spheres. At the same time, she stressed the importance of
involving the private sector in this process.

The Minister stressed that within the framework of the
intergovernmental commission an agreement was reached to develop a
working program according to which the agreements reached will be
implemented.

The Armenian-Egyptian intergovernmental commission was established in
1996. The next meeting is held at intervals of 12 years, since the
last - the 4th meeting was held in 2005 and for many years due to
geopolitical developments and unfavorable political conditions in
Egypt, the work of the inter- governmental commission was interrupted.
At the 25th year of establishment of diplomatic relations, Yerevan and
Cairo can not boast of high volumes of trade turnover - within the
last 10-12 years the volume of trade turnover between the countries
did not exceed $ 1-3 million. The prospective spheres of expansion of
economic cooperation between Armenia and Egypt, are, tourism,
agriculture, construction, IT. Following the results of the 5th
meeting, Armenia and Egypt signed a number of memorandums and
agreements in the field of trade and investment, youth and sports,
education and science as well as archives.