A day after Prime Minister Narendra Modi and Egyptian President Abdel Fattah El-Sisi held wide-range of talks including bilateral, regional and global issues of mutual interest, India and Egypt on Thursday released a joint statement.
The statement said that the two countries have reaffirmed their commitment to the founding values of the Non-Aligned Movement (NAM), international law and respect for the sovereignty and territorial integrity of all states.
In order to boost economic ties, the statement said, Egypt is considering allocating a special area of land to the Indian industries Suez Canal Economic Zone (SCEZ) and that “the Indian side can arrange for the master plan”.
The Suez Canal, one of the busiest trade routes in the world, is a connect between the Mediterranean Sea and the Red Sea. Each day, around 12% of the global trade passes through the canal.
“In this context, the Egyptian side considers the possibility of allocating a special area of land for the Indian industries in the Suez Canal Economic Zone (SCEZ), and the Indian side can arrange for the master plan,” it said.
“The two countries reaffirmed their commitment to multilateralism, the principles of the United Nations Charter, international law, the founding values of the Non-Aligned Movement, and respect for the sovereignty and territorial integrity of all states,” the statement said.
“The two sides take into consideration the cultural and social sensitivities of all states and, in this regard, they agreed to work together to promote and safeguard these basic principles through regular consultations and coordination at bilateral and multilateral levels,” the statement mentioned.
The Egyptian president arrived in New Delhi on a three-day visit on Tuesday and attended India’s Republic Day celebrations as the chief guest.