Establishing European - Egyptian trade chamber next September

It was agreed to establish an Egyptian - European trade chamber in September and an association for businessmen in Egypt and the European states in order to support investment and trade between the two sides.

Diplomats said that, the work group affiliated to the European Union, authorized to follow up on the projects financed by the EU in Egypt, started work yesterday.

The work group, comprised of 30 experts, is following up on a number of projects in different sectors, including the industrial sector as the European Union participates in the Egyptian government's program for modernizing small and medium-sized industries and in reforming industrial polices at a cost of LE 1 billion.

The diplomats added that the European Union contributes experience, training and advanced technology to 63 projects and that the group will also follow up on projects in the agriculture and health sectors.