Egypt and South Korea signed on January 18 2026, a joint statement on a comprehensive economic partnership agreement (CEPA) between the two countries.

Egypt and South Korea have taken a step further important for deepening their economic cooperation. The signature of the joint statement came during a bilateral meeting in presence senior officials from both parties, including Mohamed El-Gossaki, CEO of General Authority for Investment and Free Zones (FATF), and Ambassador Amr Hamza, Deputy Foreign Minister for Asia and the Pacific, establishes a comprehensive institutional framework aimed at developing the collaboration in the areas of investment, transfer of technology, industrial development, capacity building and trade liberalization.

According to Hassan El-Khatib, Egyptian minister of Investment and Foreign Trade, this agreement is a strategic framework for investment cooperation in priority sectors such as high-tech industries, agriculture, energies renewables, transport, infrastructure and industry manufacturing. He emphasized that these discussions are based on exchanges. constructive studies conducted at the end of last year and are the result of a study by joint feasibility achieved under a memorandum of understanding signed in January 2022.

According to him, “the economic partnership agreement global (CEPA) aims to strengthen economic ties, to promote transfer of knowledge and to increase investment flows between Egypt and the South Korea, while encouraging Korean participation in major projects Egyptian nationals, especially in the Suez Canal economic zone.”

For him, this partnership would also support joint industrial projects taking advantage of Egyptian raw materials and production capacities, targeting sectors such as furniture, glass, artificial pearls, crystal, marble, ceramics, pharmaceuticals, ready-to-wear, electrical cables and telecommunications products