Argentine president praises Egypt's progress in economic reform

CAIRO - 29 June 2019: The Argentine president Mauricio Macri hailed on Saturday Egypt's achievements during the past years in terms of economic reform and achieving comprehensive development.

He also expressed appreciation for the strong ties between the two countries and agreed with the importance of pushing forward bilateral cooperation especially the economic and trade fields, because of the wide horizons to develop cooperation on them.
According to a statement issued by presidential spokesperson Bassam Rady, Macri's speech came during his meeting with the President Abdel Fatah al-Sisi on the sidelines of the G20 summit in Osaka, Japan.

For his part, President Sisi stressed Egypt's pride in its distinguished relations with Argentina, praising its development experience and its progress on the economic level.

Sisi also expressed Egypt's aspiration to develop relations between the two countries in various fields and activate existing cooperation frameworks, especially economic and trade fields.

The two presidents welcomed the free trade agreement signed between Egypt and Mercosur, which includes Argentina.

The two presidents also discussed the possibility of benefiting from Egypt's position as a starting point for Argentine products to the Arab and African regions, especially in the light of free trade agreements linking Egypt with these two regions.

The two sides also stressed their keenness to continue coordination in international forums, especially on issues of mutual concern such as counter-terrorism, peacekeeping operations, Security Council reform, as well as promoting joint cooperation in South-South cooperation framework and the Group of 77.