Cairo: Secretary General of the Federation of Egyptian Chambers of Commerce (FEDCOC) and President of the Port Said Chamber Mohamed Saada signed a Memorandum of Understanding (MoU) with two Turkish chambers to strengthen economic ties between Egypt and Turkey.According to State Information Service Egypt, the deal was inked with the Mersin Chamber of Commerce and Industry (MCCI) and the Tekirdag Chamber of Commerce and Industry (TSO) during the Egyptian-Turkish Chambers of Commerce meeting held in New Alamein City. This agreement marks a significant step in enhancing bilateral economic cooperation between the two nations.The three-year memorandum, which automatically renews for similar terms, includes eight clauses that create a framework for complete cooperation, resource sharing, and joint initiatives. These initiatives aim to deliver integrated services between the two countries, fostering stronger economic connections.Key areas of cooperation outlined in the agreement include securing project fundin g through joint proposals to bilateral and multilateral donors and development institutions. Additionally, the parties will organize exhibitions, conferences, and promotional tours, promoting each other's activities within their respective national networks. The agreement further emphasizes enhancing trade and investment in goods and services, technology transfer, training, and innovation.The deal also includes efforts to boost joint exports to free trade zones and form consortiums to undertake construction and infrastructure projects in neighboring countries. This strategic cooperation is expected to open new avenues for economic growth and development for both Egypt and Turkey.The signing ceremony was attended by President of FEDCOC Ahmed El-Wakil, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), and Chair of the ICC World Chambers Federation (WCF) Rifat Hisarciklioglu. Board members and representatives from 27 Egyptian chambers and their Turkish counterparts were also presen t, highlighting the importance of this collaboration.