Egypt - The European Union (EU) is the first investor in Egypt, with its companies holding 32% of all the foreign direct investment stock of the country, Commissioner of European Commission Olivér Várhelyi has stated. He also said that the EU is the first trading partner of Egypt, accounting for 27% of all the trade Egypt does. Várhelyi made these remarks during the joint press conference following the EU-Egypt Association Council on Tuesday. I think that Egypt has proven itself to be our longstanding and reliable partner. A reliable and predictable partner in the region, a region that faces many challenges and also offers many opportunities; opportunities that we have discussed, opportunities that we agreed to seize and exploit and enjoy to the fullest.
