Wed 31 May 2023 5:36 pm - Jerusalem Time

He signed protocols to strengthen relations.. Shtayyeh: We seek to replace the Egyptian and Arab product

Today, Wednesday, Prime Minister Muhammad Shtayyeh said, "The government seeks to replace the Egyptian and Arab product with the Israeli product, which comes within the framework of the government's strategy for gradual disengagement from the reality imposed by the Israeli occupation, and heading towards the Arab depth."

This came during his meeting with the President of the Federation of Egyptian Industries, Mohamed Al-Suwaidi, the heads of the subsidiary federations of Egyptian industries, and a delegation of Palestinian businessmen, in the presence of the Minister of National Economy, Khaled Al-Osaily, and the Palestinian Ambassador to Egypt, Diab Al-Louh, at the headquarters of the Federation of Egyptian Industries in Cairo.

Shtayyeh added: "Despite the repressive occupation measures, Palestine recorded last year an increase in the gross domestic product amounting to 3.7%, indicating that the investment potential there is high, as the government created an encouraging legal environment for investment, in addition to the strength of the Palestinian banking sector, and the availability of competencies in manpower in many fields.

He stressed the importance of industry for development, through the exchange of experiences, in light of the development witnessed by the industrial and agricultural sectors in Palestine, as well as benefiting from Egyptian expertise in the field of developing industrial zones.

Shtayyeh called on investors to invest in Palestine, increase trade exchange within the framework of providing support and assistance to our people, and opening investment prospects for Arab businessmen, pointing out that investment in Palestine must be considered from a meaningful investment perspective that constitutes a return for investors, and not only from a solidarity perspective.

During the meeting, an in-depth discussion and exchange of ideas took place between Palestinian businessmen and their Egyptian counterparts, and it was agreed that a delegation of Egyptian investors and businessmen would visit Palestine next September.

In another context, Prime Minister Muhammad Shtayyeh and his Egyptian counterpart, Mustafa Madbouly, chaired an expanded discussion session between the two governments, at the Egyptian Prime Minister's headquarters in the New Administrative Capital, which is the first since its establishment.

The session dealt with many issues emanating from the consensuses that were reached between the ministers of the two countries earlier, in addition to opening prospects for cooperation in many fields, especially increasing trade exchange and cooperation in the sectors: health, agriculture, education, culture, electrical connection, and others.

The talks concluded with the signing of a protocol for political consultations between the foreign ministries of the two brotherly countries, and another in the agricultural field, between the Palestinian and Egyptian ministries of agriculture. It was agreed that the coming period would witness the activation of more joint cooperation frameworks.

The Prime Minister also met, at the headquarters of the League of Arab States in the Egyptian capital, Cairo, the Secretary-General of the League, Ahmed Aboul Gheit, and discussed with him the future curves of the Palestinian cause and issues related to the recognition of the State of Palestine by European countries and the world, as well as the revival of the Arab Peace Initiative, in addition to coordinating Arab efforts to support Palestine in all international forums.


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He signed protocols to strengthen relations.. Shtayyeh: We seek to replace the Egyptian and Arab product