31 January 2023 09:07 AM

Economic Relations

Thursday، 26 November 2015 12:00 AM

Trade between and has declined after has joined the COMESA, and the trade volume between the two countries is estimated to be around 158 Egyptian pounds in 2009.

Bilateral Economic and Trade Relations

The volume of bilateral trade reached around L.E. 158 million in 2009 (imports from Sri Lanka for 77 million, and exports to Sri Lanka for 81 million). Egypt exports are focused in fertilizers, machines, while Egypt imports are coconut, tea and rubber.

Contractual Framework

  • Air Transport Agreement, September 26th, 1950.
  • Cultural Agreement, October 3rd, 1961.
  • Agreement on Protection and Encouragement of Investments, March 11th, 1966.
  • Trade Agreement, May 28th, 1977.
  • Agreement on Economic and Technical Cooperation, March 29th, 1987.
  • Memorandum of Understanding on Security Cooperation, March 11th, 1996.
  • Memorandum of Understanding on establishing a mechanism for political consultation between the two countries, June 15th, 2010.

Several draft agreements are still under study, such as the draft agreement on transferring convicts, proposed by the Sri Lankan side; draft protocol in the field of scientific research; draft executive programme for cooperation in the field of education currently proposed from the Egyptian side.

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