4th Meeting of the German-Egyptian Joint Economic Commission

Economic Affairs Minister Brigitte Zypries (back right) ,Egyptian President Abdel Fattah Al-Sisi (back left), Parliamentary Secretary of State Uwe Beckmeyer (right), and Egyptian Trade and Industry Minister Tarek Kabil (left)

© dpa

Today, Economic Affairs Minister Brigitte Zypries will be meeting with Egypt's President, Mr Abdel Fattah Al-Sisi. They will be opening the 4th session of the German-Egyptian Joint Economic Commission.

Minister Zypries said: "Egypt is Germany's most important trading partner in North Africa. We wish to further strengthen this partnership. The dialogue in the context of the Joint Economic Commission aims to intensify the economic relations between our two countries. In the view of both the German federal government and German business, the rule of law is an essential aspect. Companies need a reliable framework to be able to decide whether they want to invest."

The German-Egyptian Joint Economic Commission is being co-chaired by Mr Uwe Beckmeyer, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, and Egypt's Minister of Trade and Industry, Mr Tarek Kabil. It comprises government and business representatives of both countries.

In 2016, bilateral trade between the two countries totalled around €5.5 billion. Among the European countries, Germany is Egypt's most important trading partner, and it ranks second worldwide. The cooperation between the two countries focuses on Egypt's rapidly growing energy sector, and in particular the expansion of renewable energies.