Economic cooperation high on Egypt, Italy Agenda

Economic, commercial and investment cooperation is to feature high on the agenda of the Egyptian-Italian summit.

On his part, Italian Assistant Foreign Minister Vandini, during his meeting with Economy Minister Youssef Boutros Ghali said they will take up economic, trade, and investment cooperation in preparation for the projected visit by President Mubarak.

A press release of the economy and foreign trade ministry said the two sides looked into easing the flux of Italian investments into Egypt and exchanging trade and economic information via the ministry's internet, notably on textiles and ready-to-wear clothes.

Ghali's meeting with the Italian guest also dealt with a draft agreement, to be signed during the president's visit, on channeling dlrs 146 million of Egypt's debts to Italy to fund vocational and small projects.

Ghali prepared a complete report on joint cooperation between the two sides in light of his last week's visit to Italy and the plan of action he signed with Industrial and External Trade Minister Enrico Letta for 2001.