President El-Sisi signs partnership agreements with his Chinese counterpart

Ahram Online , Tuesday 23 Dec 2014

During his first official meeting with the Chinese president, Egypt's president Abdel-Fattah El-Sisi signed partnership agreements within the realms of economy, trade, electricity and industry

Sisi
Egypt's President Abdel Fattah al-Sisi (L) and China's President Xi Jinping listen to national anthems during a welcoming ceremony at the Great Hall of the People in Beijing (Photo: Reuters)

Egyptian President Abdel-Fattah El-Sisi and Chinese President Xi Jinping signed on Tuesday five strategic partnership agreements in Beijing, Al-Ahram's Arabic news website reported on Tuesday.

El-Sisi arrived in China on Sunday for his first visit to the world's second-largest economy, where he hoped to sign investment deals.

The strategic partnership includes cooperation between the two countries within economy, trade, electricity and industry, according to state news agency MENA.

It also highlights a cooperation agreement in the field of space technology and applications of remote sensing.

Egypt currently runs a trade deficit with China, importing $5 billion worth of goods in 2013/14 while exporting $488 million, according to data from the Central Bank of Egypt. China is Egypt's fifth largest trading partner after the UAE, Saudi Arabia, the US and Italy.

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