18/06/2005
Al-Gomhoria Newspaper 2005/JUNE /18
Yesterday Egypt and Germany signed an agreement to encourage and protect investments. The agreement was signed by Egyptian Minister of Foreign Trade and Industry Rashid Mohamed Rashid and German Minister of Economy and Labor Wolfgang Klement. ( Available in Arabic )
Egypt and Germany signed a memorandum of understanding for the establishment of an Egyptian German businessmen council, including a large number of businessmen from both countries. The memorandum of understanding was signed by Board member of the Federation of Egyptian Industries and head of the Egyptian side in the council Dr. Nader Riad and Martina Yong, regional director of a German company. The two sides also signed a memorandum of understanding to boost and encourage mutual economic consultations to create effective dialogue, improve and accelerate trade relations through the provision of an appropriate climate for investment, removing obstacles, the application of the Egyptian European partnership agreement, encouraging business organizations, and facilitating technology transfer.