On the first visit to Egypt by the President of the Republic of South Korea in 16 years, Moon Jae-in singled out Al-Ahram newspaper with his first dialogue, stressing that Egypt has embraced the first human civilizations since the dawn of history, and is a pivotal country with great strategic importance linking the East The Middle East, Africa and Europe, as well as its leadership of moderate Islamic culture.
The South Korean president added to the writer Alaa Thabet, editor-in-chief of Al-Ahram, that "Seoul" and the whole world appreciate the leading role that Egypt plays globally, especially after its decision to host the next climate conference, and that South Korea strongly supports Egypt in this file, in addition to the continuation of Korea, with its High-tech standards with international specifications, in cooperation with Egypt in the pivotal areas that the Egyptian government pays attention to, such as the metro projects, sea water desalination and petrochemicals.
Moon Jae-in stressed that he is looking forward to strengthening cooperation between the two countries in the fields of renewable energy and environmentally friendly industries, especially with the mutual benefits achieved by benefiting from the network of free trade agreements, in addition to the promising possibilities of cooperation between the two countries in the field of environmentally friendly means of transportation, such as
cars. Electric and hydrogen trains, and the conversion of the new Suez Canal locomotives to work with natural gas and others.
During his dialogue with the editor-in-chief of Al-Ahram, Moon explained that the partnership relationship between his country and Cairo is based on "comprehensive cooperation", which paves the way for expanding the volume of trade and investment between the two countries. linking the continents of Europe, Africa and Asia, to witness further development of cooperation between the two countries in order to achieve the comprehensive cooperative partnership relationship.
It is noteworthy that the South Korean president arrived in Cairo this evening, Wednesday, and the presidential plane carrying President Moon Jae landed at Cairo Airport and an official reception was held for him to welcome him. It included the UAE and Saudi Arabia.
http://www.egyptianewspapers.com/pages/Newspapers/youm7.html
* Cooperation in major projects related to many fields, including the development of railways (from Luxor to Nagaa Hammadi), as well as electric cars, seawater desalination projects, and electronic industries, especially after the selection of major Korean companies to Egypt as a main station for supplying their production and exporting it to all countries of the world, To be made in Egypt with Egyptian hands and exported with Korean technology.
There are ongoing Egyptian-Korean talks to work towards concluding a free trade agreement between the two countries, which will be a major breakthrough in bilateral economic relations.
There are major upcoming projects between the two countries in many fields, including cooperation in combating the Corona epidemic, and in developing and exchanging knowledge regarding nuclear projects, especially in the Dabaa region.
** South Korean Presidency: Studying the first free trade agreement of its kind with an African country
This will certainly succeed as Egypt is leading the African Continental Free Trade Area (AfCFTA).. a new free trade area extending across Africa. The AfCFTA agreement has been signed by all African countries, with the exception of Eritrea.
The AfCFTA agreement will open African markets up to Egyptian products, ensuring that no customs fees are applied to these products. Egyptian manufactured items will also now find it easier and quicker to enter into these markets
African countries are looking to establish an economic bloc amounting to
$3.4trn through this free trade area.
The agreement is also set to gather
1.3 billion people under the largest free trade area since the establishment of the World Trade Organization (WTO).
