The European Union and Egypt affirm the continued strengthening of the trade and investment environment in Egypt and their commitment to the two-state solution
The leaders of the European Union and the Arab Republic of Egypt affirmed the continuation of work to enhance the trade and investment environment in Egypt, update the partnership agreement, organize joint investment conferences, and enhance cooperation for the Sustainable Investment Facilitation Agreement (SIFA), stressing that the investment mechanism between the European Union and Egypt will help mobilize up to 5 billion euros until 2027, within the framework of the Mediterranean Energy and Technology Cooperation Initiative. (T-MED).
The leaders of the European Union and the Arab Republic of Egypt welcomed – in the joint statement issued this evening, Wednesday, at the conclusion of the first European-Egyptian summit in the Belgian capital (Brussels) – the agreement on the first phase of the comprehensive plan to end the conflict in the Gaza Strip proposed by US President Donald Trump, as well as the results of the Sharm El-Sheikh peace summit held on October 13… calling on all parties to continue working to implement The plan, while welcoming Egyptian mediation efforts in this regard.
They affirmed their firm commitment to a lasting and sustainable peace based on the two-state solution, in accordance with Security Council resolutions and the New York Declaration, in which the State of Israel and the State of Palestine exist as a sovereign and viable state; Side by side in peace, security and mutual recognition.
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