Financial cooperation: Egypt and China sign key trade agreements
Egypt and China entered into three financial cooperation agreements on Thursday. The main topics of discussion included the creation of agreements to facilitate trade in local currencies and the settlement of bilateral commercial payments in Egyptian pounds and Chinese yuan.
READ MORE : http://www.africanews.com/2025/07/11/financial-cooperation-egypt-and-china-sign-key-trade-agreements
Subscribe on our Dailymotion channel and receive all the latest news from the continent.
Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
00:00Egypt and China entered into three financial cooperation agreements on Thursday.
00:06The main topics of discussion included the creation of agreements to facilitate trade in local currencies
00:12and the settlement of bilateral commercial payments in Egyptian pounds and Chinese yuan.
00:18Three protocols were signed, one of which links the Suez Canal Bank with the China-Africa Teda Investment Company
00:25and the Chinese cross-border inter-bank payment system aimed at encouraging the use of Chinese yuan in the Sino-Egyptian Economic Cooperation Zone.
00:36Additionally, both countries stressed the significance of enhancing the presence of Chinese banks in Egypt
00:42and Egyptian banks in China to bolster joint investments and support stable and sustainable growth for both economies.
