Korea-Egypt adopts 12 cooperation documents, including shipbuilding and clean energy

Korea and Egypt adopted 12 documents to expand cooperation in high-tech and strategic industries following the summit meeting between President Lee Jae-myung and President Abdel Fattah al-Sisi on the 8th.

First, Korea's Minister of Trade, Industry and Energy Park Jeong-sung and Egypt's Minister of Investment and Trade Muhammad Farid Saleh signed the 'Joint Declaration on Commencement of Comprehensive Economic Partnership Agreement (CEPA) Negotiations.'

Previously, the leaders of the two countries reached a consensus on pursuing CEPA discussions in earnest at the summit held during President Lee's official visit to Egypt in November last year.

Regarding individual industrial sectors, the Korean Ministry of Trade, Industry and Energy and the Egyptian Ministry of Trade, Industry and Energy signed a memorandum of understanding (MOU) on shipbuilding cooperation, and the Korean Ministry of Oceans and Fisheries and the Egyptian Ministry of Transportation signed an MOU on maritime cooperation.

The Korean Ministry of Climate, Environment and Energy and the Egyptian Ministry of Strategic and Renewable Energy signed an MOU on clean energy cooperation and an MOU on power infrastructure cooperation partnership, while the Korean Ministry of Science and ICT and the Egyptian Ministry of Communications and Information adopted an MOU on cooperation in the field of information and communication technology.

South Korea's Ministry of Foreign Affairs and Egypt's Ministry of Foreign Affairs, International Cooperation and Overseas Citizens also signed a memorandum of exchange on establishing a risk-based inspection and tracking digital platform to facilitate trade.

Documents on cooperation in the social sector were also included.

The Korean Ministry of Education and the Egyptian Ministry of Higher Education and Scientific Research adopted an MOU on cooperation in the field of higher education, and the Korean Ministry of Culture, Sports and Tourism and the Egyptian Ministry of Culture adopted an MOU on the Year of Intercultural Exchange in 2027.

The Grand Museum of Egypt signed a cooperation MOU with Korea's National Museum of Korea and the National Agricultural Museum.

An agreement on social insurance was also signed between the Korean Ministry of Foreign Affairs and the Egyptian Ministry of Foreign Affairs, International Cooperation and Overseas Citizens.