Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a Comprehensive Economic Partnership Agreement (CEPA) between the two countries. El-Khatib described the agreement as a strategic framework for investment cooperation across priority sectors such as high-tech industries, agriculture, renewable energy, transport, infrastructure, and manufacturing. “The CEPA aims to foster deeper economic ties, promote knowledge transfer, and enhance investment flows between Egypt and South Korea, while encouraging Korean participation in Egypt’s large-scale national projects, particularly in the Suez Canal Economic Zone,” El-Khatib said. Minister Yeo Han-koo expressed satisfaction with the visit and reaffirmed South Korea’s commitment to strengthening bilateral economic ties. GAFI CEO Mohamed El-Gossaki said the authority is reviewing South Korean investments in Egypt with a proactive approach to ensure smooth implementation and mitigate potential challenges, particularly in priority sectors such as technology, automotive, and energy.

Source: Daily News Egypt January 18, 2026 19:47 UTC