Arab - German Chamber of Commerce, fruit of mutual cooperation

Egypt's Prime Minister Atef Ebeid and German Chancellor Gerhard Schroeder yesterday attended the ceremony of laying down foundation stone of the Arab German Chamber of Commerce which represents the fruits of cooperation between the Egyptian and German private sectors.

Prime Minister Dr. Atef Ebeid addressed the ceremony saying cooperation between Egypt and Germany could be enhanced through the establishment of joint establishments extending bridges of cooperation and providing information on opportunities which are available for businessmen in the two countries.

He said the Egyptian government is interested in providing a climate for private sector to establish trade establishments and to modernise investment-attracting infrastructures.

On his part, Peter Goepfrich, Executive Director of the Arab German Chamber said the chamber will link Egyptian and Arab partners with their counterparts, expounding on the aims and facilities project.

Goepfrich stressed Egypt's political and economic the Middle East region.

Established in 195l, the German chamber's activities cover besides Egypt-Jordan, Syria, Lebanon and the Palestinian self-rule areas.

Egypt tops the German investment list. More than 50 German companies set up branches in Cairo so as to beef up trade cooperation between the two countries thanks to the sound economic development policies pursued by Egypt.