President Abdel Fattah El-Sisi met on 27/6/2014 Ethiopian Prime Minister Hailemariam Desalegn, on the sidelines of the African Summit in Malabo, the two sides agreed to immediately start preparations for the convention of a two-way commission within three months. The statement, read by the foreign ministers of the two countries, revealed a decision to form a higher committee concerned with bilateral and regional relations in the political, economic, social, and security domains.
The Egyptian and Ethiopian sides underlined the importance of the Nile River as a basic source for the Egyptian existence and their understanding of Ethiopia's development needs.
Regarding water uses, Egypt and Ethiopia agreed on the following:
1. Respecting the principles of dialogue and cooperation as a foundation for mutual interests.
2. Giving priority to establishing regional projects to develop financial resources to meet the growing demand on water and face water shortages.
3. Respecting international law principles.
4. Resuming immediately the activities of the tripartite committee on the Grand Renaissance Dam to enforce recommendations of the international expert committee and respecting the results of studies to be conducted during the dam project's different phases.
5. The Ethiopian government commits to avoiding any possible harm the dam could inflict on Egypt's water usage.
6. The Egyptian government commits to constructive dialogue with Ethiopia that takes into consideration the latter's development needs.
7. Committing to act in good faith under the framework of the tripartite committee.
The two countries agreed to start applying this joint statement forthwith.