Minister of International Cooperation, Rania Al-Mashat.
Al-Mashat’s participation in the conference reflects the strong relations between Egypt and China, as well as Egypt's commitment to advancing joint action, the statement said.
The conference aims to facilitate discussions on strengthening efforts to implement the global development initiative.
Introduced by Chinese President Xi Jinping in 2021, the initiative aims to redirect global development towards a new phase of balance and comprehensive coordination. Its objectives include better managing global shocks, fostering development partnerships that are more equitable and balanced, and achieving greater synergy through multilateral cooperation to accelerate the implementation of the 2030 Agenda for Sustainable Development.
Egypt’s participation also seeks to build on existing collaborations with China – particularly in scientific research, infrastructure construction, and capacity-building – and to increase cooperation between the two countries to include new areas, the statement read.
High-level delegations from 27 countries will participate in the conference alongside representatives of over 20 United Nations agencies and NGOs.
Cooperation with China
Egypt and China have a substantial cooperation portfolio with investments amounting to nearly $1.7 billion across multiple sectors, including, among others, electricity, health, education, and vocational training.
According to Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), the trade exchange between Egypt and China increased by 2.6 percent during the first 11 months of 2022, hitting $14.9 billion compared to $14.5 billion during the same period in 2021.
Egyptian exports to China experienced significant growth of 20.8 percent, totalling $1.7 billion during the first 11 months of 2022 compared to $1.4 billion in the corresponding period of 2021.
Meanwhile, Egyptian imports from China reached $13.2 billion in the first 11 months of 2022, up from $13.1 billion during the same time frame in 2021, a slight increase of 0.6 percent.
Recently, Al-Mashat witnessed the completion of the assembly and testing of the MisrSat-2 satellite, built by the China Aerospace Science and Technology Corporation (CASC) using a $92 million grant provided by China, said the ministry statement.