CAIRO – 23 November 2023: The Egyptian-Bahrain Government Committee announced a series of cooperation initiatives and Memoranda of Understanding (MoU) aimed at strengthening relations between the two countries.
At the first meeting of the Egyptian-Bahrain Government Committee on Commercial, Economic, Scientific and Technical Cooperation, 15 joint cooperation initiatives and 13 memorandums of understanding were agreed upon and are currently being finalized with various Egyptian and Bahrain ministries, state bodies and companies. It’s inside. .
The committee, headed by Egypt’s Finance Minister Mohamed Maait and Bahrain’s Finance Minister Salman bin Khalifa Al Khalifa, seeks to establish a platform for cooperation and dialogue that will contribute to the development and deepening of bilateral relations between the two countries. want to be.
One of the key objectives outlined by Egypt and Bahrain is to strengthen trade exchanges by addressing barriers to market access and promoting joint cooperation between their respective business communities. The objective is to encourage increased investment and internal trade opportunities.
In addition, discussions centered on providing investment opportunities in the industrial sector for private companies from both countries.
The Egyptian-Bahrain Government Committee has agreed to establish a new Egyptian commercial center in Bahrain. The center will serve as a hub to promote trade and investment activities between the two countries.
Additionally, the two countries are also working on finalizing the necessary procedures to conclude a mutual recognition agreement for the approved Economic Operator Program between the Bahrain Ministry of Interior Customs Department and the Egyptian Customs.