Egypt, Sudan take steps to improve economic ties

Published May 20th, 2001 - 02:00 GMT

Officials from Egypt and Sudan have agreed to implement measures aimed at promoting further economic cooperation between the two countries, according to the official MENA news agency report.  

 

During the meeting, Egypt’s minister of trade and economy, Yusuf Boutrous Ghali, and Sudan’s minister of industry and investment, agreed to cancel certain custom taxes on Sudanese imports as well as to open Egyptian markets to cotton and leather products from Sudan. 

 

In another move to promote bilateral cooperation, it was decided at the recent Sharm Al-Shaikh summit that a joint economic commission will meet in the near future in Khartuom to discuss boosting trade and economic ties between the two countries. Attending the summit were Egyptian President Hosni Mubarak and Umar Al-Bashir, president of Sudan.  

 

Sharm Al-Shaikh will also be host in the near future to the Arab Stock Exchange and Bourse Authorities. Promotion of Arab economic cooperation will be discussed at this convention as well, including the establishment of a common Arab securities market. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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