The Secretary of State for International, Commonwealth and Improvement Affairs, the Proper Honourable Liz Truss welcomed His Excellency Mr Sameh Shoukry, the Minister of International Affairs of Egypt to London on 5 July for the inaugural assembly of the UK-Egypt Affiliation Council.

The inaugural Affiliation Council created a brand new platform to additional the ambition specified by the UK-Egypt Affiliation Settlement, signed in December 2020. Inside this framework, the ministers had fruitful discussions on the event of the strategic partnership between the UK and Egypt.

The ministers welcomed a lot of latest business successes between the UK and Egypt, together with:

  • the 2-line Cairo Monorail undertaking, which incorporates trains manufactured in Derby, and is supported by UK Export Finance (UKEF)
  • the sale of two ex-Royal Fleet Auxiliary (RFA) ships to the Egyptian Navy, together with contracts for his or her refit and improve
  • the opening of a brand new 66 megawatt photo voltaic farm by Globeleq, following an funding price $80 million
  • the finalisation of a $100 million funding by British Funding Worldwide (BII) to accumulate Alfa Medical Group
  • the launch of business operations on the Lekela wind farm, following an funding price $325 million

The ministers mentioned prospects for enhanced financial cooperation between the UK and Egypt. They agreed to working intensively to develop bilateral commerce and funding, together with by way of tackling any limitations to commerce and sharing experience. In addition they dedicated to work in direction of reviewing and enhancing market entry within the agriculture, healthcare, power, and monetary sectors, by way of the newly established subcommittee on commerce.

The UK and Egypt emphasised their dedication to strengthening bilateral cooperation and funding in healthcare and schooling, given each fields’ direct influence on levelling-up, job creation, and enhancing the standard of public providers.

The minsters welcomed deeper technical collaboration that can assist joint work to beat market entry limitations in precedence sectors, together with:

  • a brand new part of collaboration between NHS’s Nationwide Institute for Well being and Care Excellence (NICE) and Egypt’s Unified Procurement Authority (UPA), serving to to institutionalise Well being Know-how Evaluation (HTA) in Egypt

  • a joint assertion of intent signed between Egypt’s Power Regulatory Authority (EERA) and the British Workplace of Fuel and Electrical energy Markets (OFGEM,) to assist in reforming Egypt’s renewable power laws

The ministers welcomed strengthening cooperation in Africa and exploring trilateral cooperation alternatives with African international locations in numerous fields, notably infrastructure.

The UK welcomed Egypt’s preparations to host COP27 in Sharm el Sheikh (November 2022) because it takes over the COP Presidency. The UK and Egypt strengthened cooperation to ship formidable outcomes at COP27 constructing on the Glasgow Local weather Pact and former COP selections.

Each international locations famous the significance of supporting creating nations in effecting a simply transition, together with by way of the transition to sustainable power and inexperienced hydrogen, in addition to in adapting to the impacts of local weather change, together with by way of the sustainable and built-in administration of pure sources, enhancing resilience and constructing technical and technological capacities on this regard. The UK commends Egypt’s management and efforts on renewable power era and alternatives for British traders and corporations throughout the power sector.

The ministers additionally mentioned a variety of bilateral, regional and international problems with mutual curiosity, together with on consular points and human rights.

The ministers appeared ahead to holding the conferences of the Affiliation Council recurrently to additional improve Egypt-UK cooperation in numerous fields and take inventory of progress.



Supply hyperlink

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock