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Tuesday, 26 April 2016

Egypt signs cooperation agreements with Czech institutions

The Foreign Affairs Ministry said Czech Industry and Trade Minister Jan Mládek is on a visit to Egypt that began yesterday and will last until 30 April. Mládek is heading a business delegation to the country and will meet with his Egyptian counterpart Tarek Kabil as well as Civil Aviation Minister Sherif Fathi. As part of the visit, Egypt signed two economic cooperation agreements with Czech institutions, Al Shorouk reported. One was signed between the Social Fund for Development and a Czech SME authority and the other is between GAFI and Česká exportní banka, the Czech export bank. The two countries aim to increase the volume of bilateral trade to EUR 1 bn by 2020, enhance technical cooperation, and promote tourism. Side note: The country recently changed its English name to “Czechia” instead of the Czech Republic, because who has time for one extra word. (The Economist has more on the name change).

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