YEREVAN, February 28. /ARKA/. The Armenian-Egyptian Business Association and the International Council for the Support of Business Relations signed today a cooperation agreement designed to help step up economic ties between Armenia and Egypt.

Under the agreement, the Egyptian Ambassador to Armenia, Bahaa El Din Bahgat Disukii, the Armenian-Egyptian Business Association and the International Council for the Support of Business Relations will implement a number of projects that will benefit both countries. Also in 2019, they will organize a set of Armenian-Egyptian economic conferences and exhibitions.

Disukii emphasized the agreement for the development of cooperation between the two countries. He said Armenia and Egypt enjoy excellent political and cultural relations, which is not the case when it comes to economic relations. He said both sides need to work hard to change this situation.

The president of the Armenian-Egyptian Business Association Eduard Manukyan stressed that the bilateral agreement should serve the development of economic relations between Armenia and Egypt. “Our job is to present Armenian businesses in Egypt and vice versa. And also help Armenian and Egyptian business people with reciprocal visits,” said Manukyan.

Mariam Manukyan, the president of the International Council for the Support of Business Relations, said an Armenian delegation is to visit Cairo in July to discuss with their Egyptian peers how to increase trade. -0-