Italy, Egypt boost strategic partnership with 17 new agreements

08:43, May 20, 2010      

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Italy and Egypt signed on Wednesday 17 new agreements touching all strategic sectors of collaboration in a bid to further boost bilateral ties.

The accords were launched at the third bilateral summit headed by Italian Prime Minister Silvio Berlusconi and Egyptian President Hosni Mubarak at Villa Madama, a prestigious state palace in Rome.

Both leaders expressed their satisfaction and praised the excellent state of relations between Egypt and Italy at a joint press conference at the end of the summit.

"With today's new treaties our friendship ties are closer. I' m really satisfied of what we have obtained," said Berlusconi.

Mubarak pointed out that this third bilateral summit represented a "quality jump" in the amount of investments envisaged and that it will pave the way for even more tighter commercial relations.

"I nourish a great affection towards Italy and Berlusconi," said Mubarak, who thanked the Italian contribution to the social and economic development of Egypt, both through labor-force formation programs and the role of Italian firms.

The treaties include collaboration and strategic partnerships in transports, tourism, infrastructures, agriculture, research, energy, trade, environmental protection, new technologies and industry. Nearly all of them were signed by the Italian Foreign Minister Franco Frattini and his Egyptian counterpart Ahmed Aboul Gheit.

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