12 February 2014
ICT Minister Inaugurates Egypt-Finland Business Council

The Minister of Communications and Information Technology Atef Helmy and the Finnish Ambassador to Egypt Tula Auriola witnessed today the inauguration of the new Egypt-Finland Business Council.

The celebration was held at the premises of the Finnish Embassy in Egypt and the Council aims at enhancing means of cooperation and promoting trade and investments between the two countries in various fields.

The council is in charge of coordinating between Egyptian and Finnish companies and exchanging experience among its members about the best practices and common challenges, in order to strengthen cooperation ties and trade relations between the two sides in different fields.

Delivering a speech during this occasion, Helmy said that the new council reflected the deep relations between Egypt and Finland, one of the most prominent EU countries. The council, he added, would support the commercial, industrial and research cooperation between the two countries.

He further explained that the State exerted tremendous efforts at all levels to support the private sector, through increasing cooperation with companies whether in Egypt or Finland.

We look forward to expanding and diversifying in different fields and increasing common activities, he said. 

At the same time, he underlined that more efforts would be exerted to develop the market and attract more investments, use resources and energies in the best way ever to improve business and investment climate in Egypt and to develop the local industry.

We seek together to maximize the cooperation opportunities and open new channels of partnerships in fields of cyber-security, electronics and green ICT.

Egypt and Finland have a long history of distinguished trade and economic relations. Finland is considered as the tenth commercial partner for Egypt among the EU countries, especially in importing wooden products to Egypt.
During the last period, Finland widened cooperation and commerce to extend to high-quality IT knowledge and products, a matter that opens new horizons for commerce opportunities between the two countries. Among the promising sectors to which both countries allocated high priority was the “clean technology”.

This technology is quite significant to the Egyptian economy, in order to achieve environmental sustainable development, followed by the education sector which involves important potential considered as strong basis laying the ground for current cooperation.

The council is expected to study the possibility of increasing Egypt’s exports to Finland. As for the council’s formulation, unofficial, it would comprise Finnish and Egyptian companies representatives, in addition to distributors, importers of Finnish products to Egypt. Moreover, Finnish citizens working in international organizations and institutions in Egypt would participate in the council.
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