Coordinating visions and positions between the two countries on issues of international cooperation to reform the global financial structure

• Deepening bilateral cooperation in economic and financial policies and exchanging experiences in facing global and regional challenges
• Advancing regional economic integration efforts with joint initiatives for sustainable development
• Promising economic opportunities to expand the scope of trade and investment between Egypt and Turkey
• We have projects that attract Turkish investments in infrastructure, energy and technology
• Turkey is one of Egypt's most important trading partners. We aim to increase the volume of bilateral trade to $15 billion in the coming years
• We aim to push the private sector forward to become the main driver of sustainable growth in Egypt
• We are working to create an attractive environment for investment and improve the relationship between investors and the Tax Authority

 

 

Ahmed Kouchouk, Minister of Finance, confirmed that the Egyptian government is keen to strengthen bilateral economic relations with Turkey, which contributes to achieving mutual interests by advancing regional economic integration efforts in The Mediterranean and Middle East regions, noting the importance of bilateral cooperation in addressing common challenges related to climate change and sustainability by proposing joint initiatives that also contribute to enhancing efforts to protect the environment and sustainable development.

 

In his meeting with Mehmet Şimşek, Turkish Minister of Finance, on the sidelines of the G20 meetings in Brazil, Kouchouk said that we are keen to work together to consolidate bilateral cooperation, taking into account the optimal exploitation of promising economic opportunities in expanding the scope of trade and investment between Egypt and Turkey, explaining the Egyptian side's keenness to deepen cooperation with the Turkish side in the fields of economic and financial policies and exchange experiences in facing global and regional challenges, through periodic meetings between the Ministries of Finance in the two countries, in a way that also contributes to coordinating visions and common positions on issues of international cooperation to reform the global financial structure.

 

The Minister assured that Turkey is one of Egypt's most important trading partners, and that we aim to increase the volume of bilateral trade to $15 billion in the coming years, especially since we have projects that attract Turkish investments in the fields of infrastructure, energy and technology.

 

The Minister added that we aim to push the private sector forward to increase its contributions to economic and development activities, so that it becomes the main driver of sustainable growth in Egypt, indicating that we are working to create an attractive environment for investment, and improve the relationship between investors and the Tax Authority in a way that contributes to building bridges of trust with the business community in a way that is reflected in increasing rates of voluntary tax compliance, and integrating the informal economy into the formal economy.