ASEAN, Egypt bolster trade ties
Ambassadors from ASEAN member countries were brought together at a workshop in Cairo on June 4 to exchange economic and investment cooperation with Egypt.
Illustrative image (Photo:VNA)Chairman of the Egyptian Council for Foreign Affairs (ECFA) Mounir Zahran said Egypt could learn experience from ASEAN in economic management, development, and investment attraction. This is significant as the country is carrying out the Egypt Vision 2030, he added.
Addressing the event, Vietnamese Ambassador to Egypt Do Hoang Long highlighted the establishment of the ASEAN Community in late 2015 as endless effort of member states over the past five decades.
The workshop creates a good chance for businesses from ASEAN and Egypt to cement their trade ties, he added.
Participants exchanged information on the potential, advantages, and cooperation opportunities between the two sides, especially in economics, trade, investment, science-technology and culture.
They suggested ASEAN and Egypt reach an agreement on the avoidance of double taxation to encourage bilateral investment and trade promotion.
With a gross domestic product (GDP) of nearly 3 trillion USD and a total population of 625 million, ASEAN is the third biggest economy in Asia and seventh in the world.
The bloc is expected to record an average economic growth of 5.4 percent for 2014-2018.
As a dynamic economic community, ASEAN is offering numerous opportunities for international businesses, including those from Egypt and the Middle East-North Africa region.-VNA
You should also see
📝 OP-ED: Party personnel work requires thorough checks
Officials, Party members, and people are concerned about how the Party will select the leadership capable of shouldering the immense revolutionary tasks entrusted by the history, General Secretary Nguyen Phu Trong said at the first meeting of the sub-committee on personnel affairs of the 14th National Party Congress on March 13.
See more
World
Malaysia, Philippines warn of severe heat in upcoming summer
Malaysia and the Philippines have warned of severe heat during the upcoming summer.
World
Thailand re-considers tourism tax
Thai tourism operators are urging the Thai government to seriously consider measures to tackle overtourism. One of the proposed measures is a tourism tax of 300 baht (8.11 USD).
World
Ten crew members killed after two Malaysian navy helicopters collide
Ten people have died after two navy helicopters collided in mid-air during a military rehearsal for a Royal Malaysian Navy parade.
World
Indonesian Constitutional Court rejects petitions against presidential election results
The Indonesian Constitutional Court on April 22 rejected all petitions regarding the country’s presidential election results filed by two presidential candidates - Anies Baswedan-Muhaimin Iskandar and Ganjar Prabowo-Mahfud M.D.
ASEAN
ASEAN youth empowered to unleash potential: ASEAN chief
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
