Egyptian - Italian commercial agreement

Egypt and Italy signed an agreement regarding enhancing the Italian investments in Egypt and strengthening economic ties, aimed at increasing Egypt's exports to Italy and the rest of the European states.

A press statement issued by the Egyptian ministry of economy said that Egyptian minister of economy Yousef Butrors Ghali signed the agreement for the Egyptian side while Italian minister of foreign trade Piere Fassiono signed the agreement for the Italian side.

It is decided that a delegation from the largest Italian Bank is to visit Egypt soon for finding out the potentialities of pumping new investments in light of the privatization between the 2 countries.