CAIRO – 23 November 2024: Egypt’s Minister of Foreign Affairs Badr Abdelatty and his Bolivian counterpart, Celinda Sosa Lunda have emphasized their commitment to strengthen economic and trade relations between the two countries in the upcoming period.
Abdelatty held political consultations with Lunda, who is making her first visit to Egypt on the anniversary of the establishment of diplomatic relations between the two countries in November 1960.
The ministers discussed ways to enhance bilateral relations and expand cooperation in various fields. They also explored opportunities for collaboration in tourism, energy, renewable energy, agriculture, and information technology.
They emphasized the importance of enhancing cooperation between chambers of commerce and business associations in both countries to elevate economic cooperation.
Moreover, Abdelatty highlighted Egypt's efforts in attracting foreign investments and the extensive reforms undertaken by the government to create an investment-friendly environment in the recent period.
The discussions also involved exchanging views on regional and international issues of mutual interest, notably the developments in Gaza and Lebanon, and ways to halt escalation in the region.
Abdelatty praised Bolivia's honorable stance supporting the Palestinian cause and its recognition of the Palestinian state, stressing that Egypt looks forward to more Latin American countries recognizing Palestine.
He underlined Egypt’s keenness to enhance its relations with the Mercosur bloc, which Bolivia joined in July 2024, and which is considered the fourth largest economic power globally.
Abdelatty added that Egypt looks forward to maximizing the benefits of the free trade agreement between Egypt and the bloc.
Following the consultations, a memorandum of understanding for cooperation was signed between the Institute for Diplomatic Studies of the Egyptian Ministry of Foreign Affairs and the Diplomatic Academy of Bolivia.
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