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CAIRO, Dec. 23 (Xinhua) -- As Egypt and China have decided to elevate their bilateral ties to a comprehensive strategic partnership, Egyptian economists see the move is likely to amplify investment opportunities and mutual trade between the two countries.
Egyptian President Abdel Fattah al-Sisi Cheap Hydro Flask 32 oz Wide Mouth W Straw Lid , who is currently on a four-day official visit to Beijing, signed on Tuesday a joint statement with his Chinese counterpart Xi Jinping to boost political, economic, military Cheap Hydro Flask 32 oz Wide Mouth , cultural and technological cooperation along with that on regional and international affairs.
"Egypt provides great investment opportunities to China and it can be a portal for Chinese products into African markets due to the Egyptian strategic geographic location," Amr Saleh, professor of political economy at Cairo-based Ain Shams University and former World Bank project officer, told Xinhua.
The professor said that relations between Egypt and China should not be restricted to mutual trade "but it is very important to be elevated to the level of comprehensive strategic partnership between the two countries Cheap Hydro Flask 32 oz ," stressing that both Egyptian and Chinese leaders have the political will for the move.
The Egyptian government led by Prime Minister Ibrahim Mahlab has recently established a special cabinet unit to study fields of cooperation with China, which shows the interest of the Egyptian leadership to boost partnership with the giant Asian country.
"Egypt needs a strategic partner not just a business partner, while China has a desire to create strategic economic alternatives in light of the slowing worldwide economy," the professor added.
Saleh expects future military cooperation between Egypt and China as a key field of economic partnership between the two strategic partners.
"Cooperation in arms industries Cheap Hydro Flask 24 oz Standard Mouth , which is worth billions of dollars, represents a good chance for both Egypt and China as it appears to be military while it is economic in the first place," the professor told Xinhua, noting the industry is one of the main sources of national income for big countries.
Egypt's economy has been ailing over the past four years due to political turmoil that resulted from the ouster of two heads of state. Sisi's administration is currently struggling to put economy back on track.
Last August Cheap Hydro Flask 24 oz , Sisi gave the go-ahead signal for digging a 72-km expansion of the original Suez Canal as a national project to boost the country's economy, ordering "the New Suez Canal" to be open for ship navigation in August 2015.
The Egyptian president said that the Chinese companies have great opportunities to invest in the Suez Canal Corridor projects, reassuring to facilitate procedures and provide an ideal atmosphere for foreign investors in Egypt.
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