Bangkok:Finance Minister Ahmed Kouchouk has announced Egypt's intention to enhance its economic partnership with the European Union to bolster the country's fiscal and economic reform agenda. Kouchouk highlighted the potential opportunities for European companies to utilize Egypt as a strategic base for regional expansion.

According to State Information Service Egypt, Kouchouk discussed these prospects during a meeting with Annika Eriksgard, the Deputy Director-General for Economic and Financial Affairs at the European Commission. The meeting took place on the sidelines of the International Monetary Fund and World Bank meetings in Bangkok. He emphasized that Egypt has implemented balanced and proactive measures to navigate various geopolitical challenges. The government's fiscal policies are focused on stimulating economic growth, maintaining fiscal discipline, reducing debt, and enhancing social protection.

Kouchouk also reported that Egypt achieved robust fiscal performance in the last fiscal year, supported by growth in sectors such as tourism, telecommunications, information technology, and manufacturing. He mentioned that the government has introduced several measures, including tax, real estate tax, and customs facilitation packages, to encourage investment, production, and exports.