CAIRO, June 17 (MENA) – Prime Minister Mostafa Madbouli said that Egypt’s free trade agreement with Serbia, which was signed in July 2024 and is set to take effect soon, will significantly expand trade volume, investment flows, and sectoral cooperation between the two countries.

Madbouli made the remarks during a meeting with Serbian Prime Minister Djuro Macut, at the New Administrative Capital. The session marked Macut’s first official foreign visit since taking office and focused on strengthening bilateral relations and regional partnerships.

Both sides discussed expanding cooperation in infrastructure, agriculture, energy, tourism, and labor.

Madbouli welcomed Serbia’s plans to open a trade representation office at its embassy in Cairo. He invited Serbian companies to participate in infrastructure and construction projects in Egypt, citing the experience of Egyptian firms across regional markets.

The PM called for expanding trade in agricultural commodities, particularly Serbian wheat, corn, and sunflower oil.

He discussed opportunities for cooperation in natural gas, noting Egypt’s LNG capabilities and Serbia’s recent completion of a pipeline connection with Bulgaria.

Madbouli also supported the resumption of direct Air Serbia flights to Cairo and proposed simplifying visa procedures for tourists, workers, and business professionals to improve travel and investment flow between the two countries.

The premier confirmed that preparations are ongoing for the 19th session of the Egypt-Serbia Joint Economic Committee in the second half of 2025.

Additionally, he expressed appreciation for Serbia’s support of Egypt’s nominee for the post of director-general of UNESCO and its vote in favor of Palestine's full membership at the United Nations.

Madbouli warned of the impact of growing tensions between Iran and Israel and stressed the need for a ceasefire to prevent further instability in the region.

(MENA)

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