Russia, Egypt sign cooperation protocol

Russia and Egypt stressed the importance of developing and expanding the scope of trade cooperation at international economic forums.

The two sides agreed, at the end of the third session of the Higher Russian-Egyptian committee on trade, economic and technical cooperation in Moscow on Wednesday, to encourage joint investments.

They agreed to extend help to the Russian and Egyptian companies working in the field of investments.

The two countries expressed, in a protocol, satisfaction with cooperation between the two countries in the economic, scientific and technical domains.

The protocol was signed by Minister of Economy and Foreign Trade Youssef Boutros Ghali on the Egyptian side, and Minister of Industry, Science and Technology Aleksander Dondukov on the Russian side.

The two sides hailed the tangible progress achieved in the scientific research and the peaceful use of atomic energy, adding that the future projects and programs on space cooperation will be carried out through contacts between the two sides.

In the field of industry, the two sides proposed exchanging industrial information available through information centers with the aim of considering industrial cooperation, coordination and integration and providing advanced technology in the field of industry.

The Egyptian side expressed interest in cooperation in the field of chemical industries and stressed the importance the Holding Company for Chemical Industry.

The two sides agreed to cooperate in the fields of foodstuffs, sugar, water, irrigation, agriculture, housing, infrastructure, construction, environment, communications, health, tourism, air transport and education.

They expressed interest in the joint Russian-Egyptian project to produce TV 204-120 aircraft in Egypt.