Egypt-Serbia Economic Relations Witness Significant Improvement

by nevine

Prime Minister Mostafa Madbouli expressed that Egyptian-Serbian relations are constantly developing, referring to President Abdel Fattah El Sisi’s visit to the European country in July of last year.

During his meeting on Monday with former Serbian president Boris Tadić and his accompanying delegation, Madbouli explained that El-Sisi’s visit strongly enhanced the economic relations between both countries.

The prime minister noted that Egypt-Serbia economic relations are improving significantly, indicating that Cairo is looking forward to fostering cooperation with Belgrade in various fields, including agriculture.

Furthermore, he discussed the effects of successive global developments, most notably the coronavirus pandemic and the Russia-Ukraine crisis, on economic conditions and the supply of food commodities to various countries of the world.

Meanwhile, the former Serbian president stressed his aspiration to promote cooperation with Egypt in the agricultural field through a proposal to establish a joint company to invest in this sector.

This proposal targets long-term Egyptian investment in the production of grains, especially wheat, corn, and sunflower, given that the Balkan region is one of the largest exporters of those products.

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