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Press release detail

Seven documents were signed nn the occasion of the meeting between Prime Minister Monti and the President of the Arab Republic of Egypt, Mohamed Morsi, which took place this evening, 13 September 2012, at Villa Madama.

Prime Minister Monti and President Morsi signed a politically broad-ranging Joint Declaration that covers the entire spectrum of bilateral cooperation.

Foreign Minister Giulio Terzi and the Minister for Economic Development, Corrado Passera, signed, with their Egyptian counterparts, an action plan on bilateral economic cooperation for 2012-15. The plan establishes the scope and arrangements for the partnership between the two countries and entrusts the Farnesina and the Ministry for Economic Development with joint guidance of initiatives to revitalise and further develop economic-commercial relations and promote investment.

The Italian and Egyptian Foreign Ministers, Giulio Terzi and Kamel Amr, signed four Joint Declarations opening up important development prospects in various strategic sectors for cooperation.

These encompass: tourism; the partnership for the development of small and medium-sized companies in Egypt; the use of part of the funds resulting from the conversion of Egyptian debt to build industrial bakeries in Egypt, an initiative that will be much appreciated by civil society and public opinion there; and cooperation on vocational and technical training, an area of crucial importance for Egypt’s social and economic development and which will above all benefit the younger generations.

Lastly, the two Foreign Ministers signed an Agreement defining in detail a number of concrete initiatives for the second stage of an important project envisaging Italian assistance for the development of Egypt’s rail transport sector.