{"id":643269,"date":"2024-09-05T00:00:00","date_gmt":"2024-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/cairo-ankara-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey\/"},"modified":"2024-09-05T00:00:00","modified_gmt":"2024-09-05T00:00:00","slug":"cairo-ankara-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/cairo-ankara-deepen-cooperation-economic-ties-during-el-sisis-first-official-visit-to-turkey\/","title":{"rendered":"Cairo, Ankara deepen cooperation, economic ties during El Sisi\u2019s first official visit to Turkey"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>President Abdel Fattah El Sisi made his first official visit to Turkey<\/strong><strong> yesterday <\/strong>\u2014 and the first for an Egyptian president in 12 years \u2014 meeting with his Turkish counterpart Recep Tayyip Erdogan in the latest step toward strengthening relations between the former regional rivals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The itinerary:<\/strong> The long-awaited and much-anticipated visit began with Erdogan <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/egypt-president-elsissi-visits-turkey-erdogan-f035a1e11aa3f681dd986dd7444b4b76\" style=\"\" rel=\"noopener\">welcoming<\/a> El Sisi personally as he disembarked from his plane in Ankara yesterday, followed by a ride to the Turkish president\u2019s palace for two hours of talks. The two presidents later held a joint presser (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=giJYVVFf_U4\" style=\"\" rel=\"noopener\">watch, runtime: 33:50<\/a>) where they stressed their desire to expand ties and oversaw the signing of 18 MoUs. El Sisi <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1073637707458290?ref=embed_post\" style=\"\" rel=\"noopener\">returned to Egypt<\/a> the same day.<\/p>\n<p class=\"tag-border-left\">ON THE DIPLOMATIC FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two countries are on the same page on Gaza:<\/strong> At the joint presser, Erdogan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/egypts-sisi-heads-turkey-first-presidential-visit-12-years-2024-09-04\/\" style=\"\" rel=\"noopener\">said<\/a> that the countries share a common stance on the Palestinian cause, with El Sisi noting \u201cthe unity of Egypt and Turkey\u2019s positions\u2026regarding the demand for an immediate ceasefire and Israel\u2019s current escalation in the West Bank.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They also discussed developments in Libya, often a sticking point in the past:<\/strong> \u201cWe stress that it is important to turn the page on the ongoing crisis through holding presidential and parliamentary elections,\u201d El Sisi said, adding that \u201cillegal foreign forces and mercenaries\u201d need to leave the country, alongside the disbandment of local militias.<\/p>\n<p class=\"tag-border-left\">ON THE ECONOMIC FRONT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boosting bitrade is a top priority: <\/strong>The Turkish president reiterated that the two countries seek to boost trade nearly threefold from USD 5 bn to USD 15 bn over the next five years \u2014 giving a timeline to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48bca33e-8ea3-4ae0-b47e-228e52792cc8\/turkish-fm-is-in-town\" style=\"\" rel=\"noopener\">previously announced goal<\/a> \u2014 while El Sisi mentioned the possibility of offering Turkish businesses facilitations to increase the volume of their business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the two countries are planning to jump into action straight away: <\/strong>The two sides plan to boost the volume of trade between them to USD 8 bn next year, up from last year\u2019s USD 6.6 bn, a government official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/commerce\/52745\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%AA%D8%A8%D8%A7%D8%AF%D9%84-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D9%85%D8%B9-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%A5%D9%84%D9%89-8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re waiting to find out the details of a flurry of MoUs signed between the countries<\/strong><strong> yesterday: <\/strong>The countries signed 18 MoUs seeking to deepen cooperation between the two countries concerning transport, energy, defense, education, tourism, health, culture, agriculture and finance. In the presser, Erdogan also made specific reference to Turkey being interested in deepening natural gas and nuclear energy cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll have another opportunity to expand business ties later this month <\/strong>when a delegation of Egyptian businessmen will be heading to Turkey to discuss ways to boost trade and investments between the two sides, Executive Director of the Egyptian Businessmen Association Mohamed Youssef told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/04\/%D9%88%D9%81%D8%AF-%D8%B1%D8%AC%D8%A7%D9%84-%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D9%85%D8%B5%D8%B1%D9%8A-%D9%8A%D8%AA%D8%AC%D9%87%D9%91%D8%B2-%D9%84%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%AA%D8%B1%D9%83%D9%8A%D8%A7-%D8%AE%D9%84%D8%A7%D9%84-%D8%B3%D8%A8%D8%AA%D9%85%D8%A8%D8%B1\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p class=\"tag-border-left\">A LONG TIME COMING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The trip is a major milestone:<\/strong> The visit, which follows <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ae5b0fc-803e-47d7-a69e-acd5831c4f19\/erdogan-talks-trade,-politics-with-el-sisi-in-his-first-visit-to-cairo-in-over-a-decade\" style=\"\" rel=\"noopener\">Erdogan\u2019s trip to Cairo in February<\/a>, is a landmark moment for the two erstwhile antagonists, which once clashed on issues ranging from support for the Muslim Brotherhood to competing interests in Libya and disputes in the eastern Mediterranean.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since 2020, Ankara has been on a diplomatic offensive to ease relations with Egypt, the<\/strong><strong> UAE, and Saudi Arabia,<\/strong> ultimately culminating in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86164994-150e-42f8-ba9d-13cd0a5c12bc\/this-evening:-egypt,-turkey-restore-diplomatic-ties-and-appoint-ambassadors\" style=\"\" rel=\"noopener\">reappointment of ambassadors<\/a> between Cairo and Ankara in July 2023. Speaking to Yahduth Fi Masr\u2019s Sherif Amr on Tuesday, Turkey\u2019s ambassador to Egypt Salih Mutlu Sen called El Sisi\u2019s first visit to Ankara as president <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/029eb4bd-9b67-488e-96a1-e0bf2f46166b\/egypt-rejects-netenyahu%25e2%2580%2599s-statements-on-the-philadelphi-corridor\" style=\"\" rel=\"noopener\">\u201chistoric and of special significance,\u201d<\/a> adding that his country is \u201cseeking to reconcile with Egypt after a period of stagnation\u201d in relations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The visit, which follows Erdogan\u2019s trip to Cairo in February, is a landmark moment for the two erstwhile regional rivals<\/p>\n","protected":false},"author":1,"featured_media":643270,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7262],"tags":[96,97,168,6717,72,167,7196,125,875,221,238,132,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-agriculture","tag-diplomacy","tag-egypt-turkey-relations","tag-enterpriseam","tag-gaza","tag-industry","tag-investment-watch","tag-new-administrative-capital","tag-recep-tayyip-erdogan","tag-tourism","tag-trade","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"d054ab96-d6ee-4a2e-88db-2ff81dec5f42","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/394.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cairo, 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