The MoU aims to facilitate the amicable settlement of commercial and investment disputes, exchange information and legal advice, and protect intellectual property rights.

Dr. Iman Mansour:

• More than 3,300 Chinese companies operate in Egypt, contributing to job creation.

Ms. Qing XiaoYing:

• Chinese institutions are interested in making new investments in various sectors of the Egyptian economy and enhancing bilateral trade.

In line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), to deepen economic cooperation with international investment partners and highlight the latest developments in Egypt’s investment climate, the General Authority for Investment and Free Zones (GAFI) signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade (CCPIT) Hunan to strengthen cooperation in commercial legal services and support the international operations of Egyptian and Chinese companies.

The MoU was signed on behalf of the Egyptian side by Dr. Iman Mansour, GAFI Deputy CEO and Director of the Investor Dispute Settlement Center, and on behalf of the Chinese side by Ms. Qing XiaoYing, Vice President of CCPIT Hunan.

The MoU provides for mediation services to resolve commercial and investment disputes involving Egyptian and Chinese companies; the exchange of information and legal advice; training and capacity building; and the organization of joint conferences, seminars, and visits. It also provides for enhanced corporate compliance and the protection of intellectual property rights.

Dr. Iman Mansour highlighted the strength of Egyptian-Chinese economic relations, noting that more than 3,300 Chinese companies operate in Egypt, contributing to job creation, increased exports, and the localization of modern technologies. She also outlined recent reforms aimed at improving the investment climate, particularly digital transformation initiatives designed to streamline procedures and enhance the efficiency of government services.

For her part, Ms. Qing XiaoYing affirmed the interest of Chinese institutions in making new investments across various sectors of the Egyptian economy and expanding trade between the two countries. She added that Chinese institutions are following the Egyptian government’s efforts to develop infrastructure, improve economic policies, and expand free zones and investment zones.