Senate committee recommends financial allocations to support foreign missions to attract investments - News Summed Up

Senate committee recommends financial allocations to support foreign missions to attract investments


CAIRO - 17 September 2022: The Senate's Committee on Arab, Foreign and African Affairs, headed by Dr. Effat El-Sadat, recommended that the government's plan for economic and social development include a role for Egyptian foreign missions in attracting investments or facilitating trade exchange operations. The parliamentary committee stressed the importance of determining financial allocations to support the role of foreign missions in the field of attracting investment and facilitating the entry of Egyptian exports abroad. It is noteworthy that Law No. 2 of 2021 issuing the internal regulations of the Senate defines in detail the competencies of the Committee on Foreign, Arab and African Affairs, foremost of which is what the President of the Republic refers to as issues related to the state’s general policy in Arab, African and foreign affairs, peace treaties, alliance and all treaties related to the rights of sovereignty and others. This comes in addition to its jurisdiction over the legislation regulating the diplomatic and consular corps, the affairs of Egyptians residing abroad, and other issues within the jurisdiction of ministries and agencies concerned with foreign affairs, immigration affairs and Egyptians abroad.


Source: Egypt Today September 17, 2022 08:41 UTC



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