Strengthening Ties: Sisi's Historic Visit to Turkey
Egyptian President Abdel Fattah el-Sisi's recent visit to Ankara marks a significant turning point in the historically complex relationship between Egypt and Turkey. This is Sisi's first official visit to Turkey since he took office in 2014, and it comes after years of strained relations. The focus of the visit is on enhancing cooperation in various sectors, particularly energy and defense, amidst ongoing regional tensions, especially concerning the Israeli conflict in Gaza.
Aiming for Economic Growth: $15 Billion Trade Target
During the discussions, both nations are set to sign approximately 20 cooperation agreements aimed at boosting bilateral trade. The goal is to increase trade exchange from $10 billion to an ambitious $15 billion. This growth in trade is not only vital for both economies but also reflects a mutual desire for stronger economic ties. Key topics include the export of liquefied natural gas from Egypt to Turkey, which is crucial for Turkey's strategy to position itself as an energy hub for Europe.
Revitalizing Logistics and Defense Cooperation
In addition to energy, Turkey aims to revive freight shipping routes between the Turkish port of Mersin and Alexandria, enhancing logistical cooperation. On the defense front, Turkey is keen to expand its exports of drones and armored vehicles to Egypt, further solidifying its presence in the Egyptian market. Both leaders have expressed a commitment to opening a new chapter in their nations' relations, indicating a promising future for collaboration despite past political tensions.
