Key Takeaways from the 9th Algeria–Egypt Joint High Commission
The 9th session of the Algeria-Egypt Joint High Commission culminated yesterday (Wednesday) in Cairo in the signing of 18 agreements and the setting of a strategic goal to raise bilateral trade to $5 billion, marking a new milestone in the strengthening of relations between the two brotherly countries. The following are the Key Takeaways: 1. Strategic and Political Alignment – High-Level Meeting: The session was held in Cairo and co-chaired by Algerian PM Sifi Ghrieb and Egyptian PM Mostafa Madbouly.
– Regional Consensus: Both countries expressed full alignment on regional issues, particularly the “genocidal war” in Gaza and instability in Libya, Sudan, and Yemen. They emphasized non-interference and political solutions.
– Libya and Palestine: Specific agreement on supporting a Libyan-led political process and pushing for a ceasefire and reconstruction in Gaza.
– Strategic Vision: Both parties reaffirmed historical ties and committed to elevating the partnership to a level of strategic integration and sustainable development.
- Economic Ambitions and Trade – $5 Billion Target: The leaders set a goal to raise bilateral trade from the current approximate $1 billion to $5 billion over the next few years.
– Business Forum: An Algeria-Egypt Business Forum was held to encourage direct investment, capitalizing on Algeria’s new investment law.
- Agreements and Cooperation – 18 Agreements Signed: A total of 18 MoUs and executive programs were signed covering diverse sectors including housing, higher education, archives, sports, youth, and civil service.
– Energy Focus: A major focus was placed on energy. Key developments include: – A new Sonatrach-Petrojet agreement to manufacture oil/gas equipment and develop the Hassi Bir Rekaiz field.
– Plans for electrical interconnection between the two countries via Tunisia and Libya.
– Cooperation on green hydrogen and energy efficiency.
- Industrial Integration – Joint projects: The PMs highlighted successful joint projects, such as nitrogen fertilizers in Oran, electric cables in Ain Defla, and pharmaceutical industries in Algiers.
