Sisi visits China and Vietnam
Tuesday، 29 August 2017 - 03:05 PM
Egypt will participate as a guest in the BRICS Summit that will be hosted by China in Xiamen, Fujian province, during September 2017 under the slogan (BRICS: a stronger partnership for brighter future). BRICS Summit Member States "Russia, China, India, Brazil and South Africa", in addition to nine States including Egypt will attend the summit.
Egypt seeks through this summit to strengthen the economic relations with china. BRICS Summit aim to build a new platform of cooperation and create new conditions for joint development among the emerging markets and and frontier markets.
Egypt also participates in the activities of the strategic dialogue on the development of emerging markets and developing countries, to be held at the presidential level on the sidelines of the «BRICS»Summit
The Chinese President XI Jinping invitation to President Sisi to participate in the summit comes as a reaffirmation of Egypt's position and its economic, political and commercial status that qualifies it to become a member of the BRICS. The invitation also reflects the strong relationship between the two civilizations and the two leaders, which had resulted in inviting President El Sisi to participate in G20 Summit under Chinese leadership in 2016.
The acronym "BRICS" was initially formulated in 2001 by economist Jim O'Neill, of Goldman Sachs, in a report on growth prospects for the economies of Brazil, Russia, India and China – which together represented a significant share of the world's production and population.
In 2006, the four countries initiated a regular informal diplomatic coordination, with annual meetings of Foreign Ministers at the sidelines of the General Debate of the UN General Assembly (UNGA). This successful interaction led to the decision that the dialogue was to be carried out at the level of Heads of State and Government in annual Summits. As of the first Summit, held in Yekaterinburg in 2009, the depth and scope of the dialogue among the Members of BRICs – which became BRICS in 2011 with the inclusion of South Africa – was further enhanced. More than an acronym that identified countries emerging in the international economic order, BRICS became a new and promising political-diplomatic entity, far beyond the original concept tailored for the financial markets.
After the Yekaterinburg Summit, five annual summits were held (Brasilia, 2010; Sanya, 2011; New Delhi, 2012; Durban, 2013; and Fortaleza, 2014). The leaders of the member countries have been holding at least one annual meeting. In Durban, the first cycle of summits was completed, each member country having hosted a meeting of leaders. In this period, BRICS has evolved in an incremental manner, in areas of consensus amongst its members, strengthening its two main pillars: (i) coordination in multilateral fora, with a focus on economic and political governance; and (ii) cooperation among members.
Regarding the first pillar, the efforts towards reforming the structures of global governance, especially in the economic and financial fields – Financial G-20, International Monetary Fund, World Bank – receive a special emphasis, as well the reform of political institutions, such as the United Nations.
Intra-BRICS cooperation has also been gaining density: a broad agenda has been developed, comprising areas such as finance, agriculture, economy and trade, combating transnational crime, science and technology, health, education, corporate and academic dialogue and security, among others.
In that context, the financial sector receives a special focus as a new front of cooperation. At its 6th Summit, the BRICS established the New Development Bank, aimed at financing infrastructure and sustainable development projects in the BRICS and other developing countries. The new institution will count initially with a subscribed capital of US$ 50 billion.
Likewise, the BRICS also concluded the agreement that creates the Contingent Reserves Arrangement (CRA), a Fund with an initial sum of US$ 100 billion, which the BRICS countries will be able to use to forestall short-term liquidity pressures. One of the objectives of the CRA is to contribute to international financial stability, by providing an additional line of defense to the BRICS.
The establishment of the Bank and the CRA conveyed a strong message on the willingness of BRICS members to deepen and consolidate their partnership in the economic-financial area.
September, 3 2017
President Abdel Fattah El Sisi arrived to China on a several days' visit at the invitation of Chinese President Xi Jinping to attend the BRICS Summit and Business Forum.
September 4, 2017
Egyptian President Abdel Fattah El Sisi said that the Egyptian economic reform measures were introduced according to priorities and a sheer national vision. Addressing the BRICS Business Forum, the president added that Egypt has successfully dealt with its chronic economic crisis despite the cost of war against terrorism and its success in restoring security and stability. The president explained that Egypt has adopted several radical economic reform measures while following a national plan that constituted a strategy for development until the year 2030.
President El Sisi and Russian President Vladimir Putin met on the sidelines of the 9th BRICS Summit in China. They discussed a set of bilateral issues along with resumption of Russian flights to Egypt. The two leaders also tackled the latest developments in Myanmar where they condemned the violence the Asian country witnessing.
Investment Minister Sahar Nasr witnessed the inking of an agreement between Egypt and China to increase the capacity of the Egyptian national electricity grid.
Egyptian President Abdel Fattah El Sisi and his spouse attended a theater performance in Xiamen city on the sidelines of the 9th BRICS Summit.
Chinese President Xi Jinping hosted on Monday 4/9/2017 a dinner banquet for the participating leaders of the 9th BRICS Summit and their wives. Egyptian President Abdel Fattah El Sisi and his spouse were among the attending.
September, 5 2017
President El Sisi made a speech at the session of dialogue between the emerging markets and developing countries that is held on the sidelines of the BRICS Summit.
Egyptian President Abdel Fattah El Sisi said that the world is confronting immense challenges that require collective action to be addressed.
President Abdel Fattah El Sisi held a summit meeting with Chinese President Xi Jinping. The meeting was held on the sidelines of the BRICS Summit. The two sides took up means of boosting joint cooperation and enhancing bilateral relations. They also discussed several regional and international issues of common concern.
During his meeting with President Abdel Fattah El Sisi earlier, Chinese President Xi Jinping lauded the positive and tangible outcome of efforts exerted by Egypt to push ahead development and restore stability, asserting his country's backing of all such efforts and its keenness on contributing to them in all fields.
Meanwhile, President El Sisi extended thanks to his Chinese counterpart on inviting him to attend the BRICS summit, a matter which reflected the depth of strategic relations between the two countries.
Egyptian President Abdel Fattah El Sisi has held a meeting with his South African counterpart Jacob Zuma on the sidelines of the BRICS Summit.
President Abdel Fattah El Sisi and his Chinese counterpart Xi Jinping witnessed the signing ceremony of two cooperation agreements and a memorandum of understanding.
Egyptian President Abdel Fattah El Sisi asserted Egypt's keenness on developing its cooperation relations with India in all fields so as to reflect the historical and friendly ties binding the two countries. Sisi's remarks were made during his talks with Indian Prime Minister Narendra Modi on the fringe of the Ninth BRICS summit.
President Sisi’s visit to Vietnam
President Abdel Fattah El Sisi arrived to Vietnam coming from China on a visit, the first of its kind by an Egyptian president.
Vietnamese President Tran Dai Quang received President El Sisi.
An official ceremony was held to welcome President Sisi at the presidential Palace.
President Sisi laid down a wreath on the tomb of late Vietnamese leader Ho Chi Minh and on the Unknown Soldier tomb in Hanoi.
President Sisi’s Statement in Joint Press Conference with Vietnam’s President
President Abdel Fattah El Sisi discussed with Secretary General of Vietnam's Communist Party Nguyen Phu Trong means of boosting bilateral relations.
The Vietnamese diplomat emphasized that Sisi’s visit to Vietnam would open new prospects of the decades-long cooperation ties between Egypt and Vietnam, presidential spokesman Alaa Youssef said.
Trong also expressed thanks to the Egyptian people for supporting Vietnam during the independence era, praising at the same time Egypt’s role in the Middle East and across the world.
Meanwhile, president Sisi noted that his visit to Hanoi reflects Egypt’s keenness to foster cooperation with Vietnam and benefit from its experience that has achieved significant progress in various fields, particularly with regard to economy, trade and development.
The spokesman added that Trong welcomed the signing of a number of memorandums of understanding between the two sides, noting that this step would provide a legal framework for joint cooperation.
During a banquet hosted by the Vietnamese president in honor of Sisi and his accompanying delegation, President Sisi praised historic and distinguished relations between Egypt and Vietnam.
Sisi invited his Vietnamese counterpart Tran Dai Quang to visit Egypt soon, and thanked the Vietnamese people for the warm welcomed he received in Vietnam.
Vietnamese President Tran Dai Quang praised the role played by Egypt as a founding member of the Non-Aligned Movement.
President Sisi returned home wrapping up a tour of China and Vietnam.
September 7, 2017 He explained that Egypt's role in evacuating the Vietnamese nationals from Libya comes in line with its efforts to protect innocent lives and prevent more casualties.
September 7, 2017
He explained that Egypt's role in evacuating the Vietnamese nationals from Libya comes in line with its efforts to protect innocent lives and prevent more casualties.