Egyptian President Abdel Fattah el-Sisi announced on Thursday that Egypt and South Korea have agreed to elevate their bilateral relations to a strategic partnership. This move is expected to open up new avenues for cooperation between the two countries in the political, economic, and developmental fields. The partnership aims to strengthen ties between Egypt and South Korea, fostering mutual benefits and cooperation.
During a joint press conference with his South Korean counterpart Lee Jae-myung, President el-Sisi emphasized that Egypt is looking to benefit from South Korea's expertise in various fields. He highlighted the importance of enhancing economic, investment, industrial, and technological cooperation, as well as expanding Egyptian exports to the South Korean market. This cooperation is expected to boost Egypt's economic growth and development.
President el-Sisi expressed his desire to increase South Korean investments in Egypt's industrial sector, which would support the country's efforts to localize advanced industries, including automotive, electronics, and petrochemicals. This investment is expected to create new job opportunities and stimulate economic growth in Egypt. The two countries are also expected to cooperate in other areas, including technology and innovation.
The Egyptian President emphasized that his country is committed to developing relations with other nations based on mutual respect and achieving common benefits. He noted that the Egyptian-South Korean partnership would contribute to supporting international stability and security. This partnership is seen as a significant step towards enhancing regional and global cooperation.
President el-Sisi and President Lee Jae-myung also discussed the rapidly evolving global landscape, including the increasing tensions and conflicts in various regions, particularly in the Middle East. They noted that there is a significant convergence of views between the two countries on the importance of promoting a culture of peace and supporting stability in the Middle East and the Korean Peninsula. This cooperation is expected to contribute to regional and global peace and stability.
President el-Sisi reviewed Egypt's efforts to restore security and stability in the Middle East, ensure freedom and safety of navigation in international sea lanes, and prevent the escalation of current crises. He emphasized Egypt's commitment to maintaining peace and stability in the region and preventing the spread of conflicts to other areas. Egypt's efforts are seen as crucial in maintaining regional stability.
Regarding the Horn of Africa and the Red Sea, President el-Sisi reiterated Egypt's support for the stability of countries in the region, the preservation of their sovereignty, and the rejection of any measures that would create new arrangements for access to the Red Sea at the expense of the sovereignty of coastal states. He emphasized that the security of the Red Sea and its governance falls exclusively under the responsibility of its coastal states, stressing the importance of respecting their sovereignty and maintaining the security and stability of the region.
Key points
- Egypt and South Korea have agreed to elevate their bilateral relations to a strategic partnership, aiming to strengthen cooperation in various fields.
- The partnership is expected to support international stability and security, and contribute to regional and global cooperation.
- Egypt is looking to benefit from South Korea's expertise in various fields, including economic, investment, industrial, and technological cooperation.
