UK, Egypt sign post-Brexit trade agreement

British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
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Updated 05 December 2020

UK, Egypt sign post-Brexit trade agreement

British International Trade Secretary, Liz Truss said the agreement was a clear signal of the UK’s enduring commitment to a close bilateral relationship with Egypt. (Twitter: @trussliz)
  • The deal is aimed at strengthening political and trade ties between the two countries, a British government statement said

LONDON: Britain’s ambassador to Egypt signed an agreement with the country’s assistant foreign minister for Europe, Badr Abdelatty, on Saturday.

The deal is aimed at strengthening political and trade ties between the two countries, a British government statement said.

The agreement will allow British businesses and consumers to benefit from continued preferential access to the Egyptian market after the end of the Brexit transition period.

After Dec. 31, and Britain’s exit from the European Union, the EU-Egypt Association Agreement will cease to apply to the UK.

In addition to securing trade, the agreement provides a framework for cooperation and further development of political, economic, social and cultural links, the statement said.

The UK said it was committed to strengthening its relationship with Egypt and cooperating on issues including education, the environment and human rights.

“This agreement highlights the strength of the UK-Egypt partnership, and reflects our shared ambition to build our cooperation on a range of important issues,” the UK’s Foreign Secretary Dominic Raab said.

“Stronger trade links and more investment will grow our economies and help both our countries build back better from the impact of the coronavirus pandemic,” he added.

British International Trade Secretary, Liz Truss said: “This agreement is a clear signal of the UK’s enduring commitment to our close bilateral relationship with Egypt and will help strengthen trade and investment ties in the future.

“It will help provide both British and Egyptian businesses with new opportunities and provide them with the certainty they need to keep trading.

“The UK remains committed to securing deals that support British jobs, deliver significant savings and help drive the post COVID-19 recovery,” she said.

The agreement will provide tariff-free trade on industrial products, liberalization of trade in agriculture, agri-foods and fisheries making trade easier, as well as delivering significant savings to businesses in both the UK and Egypt.

Total trade on goods and services between the UK and Egypt was worth £3.5 billion ($4.7 billion) in 2019.


UAE, Cyprus FMs discuss Mediterranean tensions and strategic partnerships

UAE, Cyprus FMs discuss Mediterranean tensions and strategic partnerships
Updated 19 January 2021

UAE, Cyprus FMs discuss Mediterranean tensions and strategic partnerships

UAE, Cyprus FMs discuss Mediterranean tensions and strategic partnerships
  • The two ministers also discussed the global fight against the COVID-19 pandemic
  • Both sides discussed ways of strengthening ties in multiple sectors, including in parliamentary areasboth sides discussed ways of strengthening ties in multiple sectors, including in parliamentary areas

DUBAI: The UAE Minister of Foreign Affairs discussed the situation in the Eastern Mediterranean and ways of ensuring security and stability in the region with his Cypriot counterpart on Monday,.
Sheikh Abdullah bin Zayed Al-Nahyan reviewed the prospects of advancing relations with Cyprus in a meeting in Abu Dhabi with Foreign Minister Nikos Christodoulides, UAE state news agency WAM reported.
The two ministers also discussed the global fight against the COVID-19 pandemic and the importance of enhancing international cooperation to ensure fair and equitable access to the vaccine for every country in the world.
Christodoulides praised the UAE’s significant overall efforts to counter the coronavirus pandemic and the efficiency of its adopted measures in mitigating the economic and social effects of the crisis.
During his visit to the UAE, the Cypriot minister also met with the Speaker of the Federal National Council (FNC), Saqr Ghobash, accompanied with the Ambassador of Cyprus to the UAE, Yannis Michaelides.
During the meeting, both sides discussed ways of strengthening ties in multiple sectors, including in parliamentary areas.
Ghobash said that a Memorandum of Understanding (MoU) on their parliamentary cooperation is required, in addition to reinforcing the role of joint parliamentary friendship committees.
A parliamentary friendship committee between the two countries will hold a meeting in the first quarter of 2021, Ghobash said, and stressed the importance of improving their coordination during global parliamentary events.
Christodoulides said that the UAE was a leading regional and international stature, noting that it is a strategic partner of his country.
He also conveyed the invitation of the President of the House of Representatives of Cyprus to Ghobash to visit Cyprus as head of a parliamentary delegation, to discuss ways of reinforcing their parliamentary ties.