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Cambodia, Russia agree to advance cooperation in key areas
Cambodia, Russia agree to advance cooperation in key areas

The Star

time29-04-2025

  • Business
  • The Star

Cambodia, Russia agree to advance cooperation in key areas

PHNOM PENH: Cambodia and Russia on Monday (April 28) agreed to boost bilateral cooperation in major areas for mutual benefits, said the readout by a Cambodian foreign ministry spokesperson. The agreement was made during the 11th Session of the Cambodia-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation (IGC) via videoconference, which was co-chaired by Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn (pic) and Russian Agriculture Minister Oksana Lut. "After the exchange of views and discussions on a wide range of issues of bilateral cooperation, the session agreed on a course of actions to advance cooperation in key areas, among them: economy, trade, investment, energy and natural resources, industry, transport, ICT, finance and banking, education, culture and sports, healthcare, and environment," the readout said. - Xinhua

Volume of trade exchange between Egypt, Serbia is $300 mln in 2024: Agriculture Min.
Volume of trade exchange between Egypt, Serbia is $300 mln in 2024: Agriculture Min.

Egypt Today

time18-02-2025

  • Business
  • Egypt Today

Volume of trade exchange between Egypt, Serbia is $300 mln in 2024: Agriculture Min.

Egyptian and Serbian flag pins - file CAIRO - 18 February 2025: Egyptian Minister of Agriculture and Land Reclamation Alaa Farouk, stressed on Tuesday, that Egyptian-Serbian relations are historic, whether at the bilateral level since the beginning of diplomatic relations in 1908 or at the multilateral level through the prominent role of our two countries in establishing the Non-Aligned Movement. Farouk added that Egyptian-Serbian relations have witnessed significant growth through the exchange of high-level visits between the two sides, which began with President Abdel Fattah El-Sisi's visit to Serbia in 2022, where it was agreed to establish the Joint Supreme Committee for Economic, Scientific and Technical Cooperation. A number of agreements and memoranda of understanding were also signed to enhance bilateral cooperation between both states; most notably the Free Trade Agreement. The agreement contributes to activating and increasing the flow of exports and imports between the two countries, in addition to signing a number of other memoranda of understanding in the fields of higher education, culture, trade, agriculture and investment, and a desire from both sides to enhance cooperation. Farouk added that Egypt was also honored by the visit of Serbian President Aleksandar Vucic to Cairo in July of last year 2024, during which he met with President El-Sisi to enhance joint cooperation between the two sides. Farouk added that Egyptian-Serbian relations have witnessed great political, economic and cultural momentum, especially after the mutual presidential visits. Currently, the two sides are cooperating in a number of important fields. An Egyptian company has also started manufacturing agricultural tractors in Serbia in cooperation with Serbian investors. Data on the volume of trade exchange between the two countries has shown a significant increase in recent years, rising from $94 million in 2022 to about $300 million in 2024, including Serbian imports that amounted to about $41 million to Egypt, while Egypt's exports of various goods to Serbia amounted to about $72 million, while services, especially tourism, represented about $180 million.

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