Egypt: Morsi, Gul Agree to Increase Trade Exchange to 10 Billion Dollars

President Mohamed Morsi and his Turkish counterpart Abdullah Gul agreed to increase the volume of trade exchange between the two countries to 10 billion dollars.

Speaking at a joint press conference with Gul, following their tete-a-tete meeting, Morsi hailed Turkey's support to Egypt in this phase of democratization. He, meanwhile, said that he agreed with Gul to continue efforts in a bid to increase investments, especially between companies and individuals from the two countries.

Morsi also called on Turkish businessmen to make use of the incentives and opportunities provided by the Egyptian market.

The president also said that he discussed with Gul ways of boosting trade exchange between the two countries, to reach 10 billion dollars within the upcoming few years.

An agreement was also reached to set up a joint chamber of commerce between Egypt and Turkey, added Morsi.

Gul's visit to Egypt is of a special importance as it coincides with the convocation of the two-day Islamic Summit, Morsi said.

The democratic transition in Egypt is progressing in steady paces with the country bracing for the elections of the lower house in few months, said Morsi.

The right to express opinion is guaranteed to all Egyptians, Morsi said in response to a question about the democratic process in the country with protests still ongoing despite two years have passed since the revolution.

Egyptians are achieving huge successes in the transformation to democracy, justice, freedom, social justice and economic growth, Morsi said.

Morsi said the protests that have been taking place in Egypt are normal during this transitional period Egypt is passing through.

"Egypt is a big country moving towards the democracy and Egyptians are achieving a success in social justice and democracy," Morsi added.

"The Egyptians are now free and moving towards new horizons of freedom and democracy," Morsi added.

President Morsi said that the Egyptian government is currently preparing a financial program that will be presented to the International Monetary Fund (IMF) delegation.

Morsi voiced Egypt's readiness to cooperate with all international organizations and institutions.

"Turkey has a previous experience with IMF and we can make use of this experience," Morsi said.

Morsi said that new ideas were presented at his meeting with Gul to resolve the Syrian crisis within the framework of the quartet initiative. He added that Egypt and Turkey share identical views on various regional issues, mainly the Palestinian cause and the Syrian crisis.

The meeting took up efforts exerted by the two countries in order to stem the Syrian bloodshed and bring an end to the 23-month crisis in Syria, Morsi said.

As for the latest developments in Palestinian territories, Morsi noted that he agreed with Gul that the international community should assume their responsibility to stop aggression against the Palestinian people and lift the blockade imposed on the Gaza Strip and end settlement construction.

Morsi added that he briefed Gul on the efforts exerted by Egypt to realize inter-Palestinian reconciliation.

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