President Mohamed Morsi and his Chinese counterpart Hu Jintao witnessed the signing of eight bilateral agreements covering joint cooperation in the fields of economy, trade, agriculture, tourism, communications, environment and shoring up investments between the two countries.
During the Egyptian-Chinese talks held at the Great People's Hall in Beijing on Tuesday 28/8/2012, Morsi said the Egyptian people are living a new stage of renaissance, building and development after they had enjoyed their full freedom. The president said the Egyptian people are looking forward to expanding cooperation with friends topped by the Chinese people.
For his part, the Chinese leader said that Morsi's visit to China will help push bilateral relations towards more development and advancement.
The two leaders stressed the importance of enhancing joint cooperation relations and deepening them in the various domains.
Following the Egyptian-Chinese talks, the Presidential Spokesman Dr. Yasser Ali said that Morsi and Jintao underlined the importance of settling the Syrian crisis, in order to stop bloodletting, and supporting the Palestinian cause.
He said the visit has a political and an economic goal. As for the political aspect, he said, Morsi managed to wrest a promise from his Chinese counterpart to support the Palestinian cause.
China also promised to work for solving the Syrian crisis without any foreign military intervention, Ali said, pointing out that the President offered during talks the Egyptian initiative for solving the Syrian crisis.
Ali said that Morsi stressed the fact that Egypt was against the option of foreign military intervention in Syria as this will not have positive results.
On the economic aspect, the spokesman said, Morsi offered a number of projects to the Chinese side to carry out in Egypt, including Silicon desert hinterland project and the establishment of a joint fleet for fishing in the Egyptian territorial water. The spokesman underlined Morsi's call for expanding investments in Egypt, adding China promised to extend support for the Egyptian economy.
The signed agreements include one covering economic and technical cooperation. Under this agreement, China would extend to Egypt non-refundable grant of $70 million for establishing joint projects in the fields of infrastructures, electricity, and environment. China will also offer Egypt 300 police cars.
The two sides also signed a memo of understanding on processing solid waste and deepening cooperation in the field of environment protection.
Egypt and China also signed an agreement on expanding cooperation in the field of tourism and another one on developing cooperation in the field of agricultural researches.
The two countries also signed a cooperation agreement under which China would give Egypt a soft term loan worth $200 million, offered by Chinese Development Bank, to support small and medium size enterprises.
Agreements signed also include a framework agreement between the Chinese National Development Bank and the Egyptian Ministry of Scientific Research on expending cooperation in the field of planning and consultations.
The two countries also signed a memo of understanding for expanding cooperation in the field of communications between the Egyptian Ministry of Communications and the Chinese Ministry of Industry and Information Technology.