Under the supervision of the Ministry of Investment and International Cooperation (MIIC) and in coordination with the Korean Ministry of Strategy and Finance and Korea Development Institute (KDI), an Egyptian delegation participated at the Interim Reporting & Policy Practitioners’ Workshop held in Seoul, Korea on 12- 18 February 2017, which addressed policy making, the provision of consultations and exchanging successful experiences between both countries. The Egyptian delegation included officials from the Ministry of Finance, the Tax Department and the National Planning Institute, in presence of Mrs. Shaimaa Beheiry, the officer in charge of the cooperation portfolio with Korea and Japan at MIIC and Ms. Noran Farag, the coordinator of the Experience Exchange Program and the officer in charge of the Korean file at the Asian Sector at MIIC. The Program was held owing to MIIC’s keenness that all Egyptian ministries be given the opportunity to exchange consultations and visits through their officials and experts to become familiarized with successful policies in areas of common interest.
Egyptian ministries have benefited from the program which started in 2014, such as that of Trade and Industry in the field of exports and SME’s development, the Ministry Communications and Information Technology and the Ministry of Social Solidarity. In 2016, a memorandum of understanding was signed between the Egyptian Ministry of International Cooperation and the Korean Ministry of Strategy and Finance, serving as an agreement on a constant mechanism for benefiting from Korean experience in the fields that both sides would agree upon each year. In 2017, both sides agreed to focus on the fields of tax policies and national planning. It is worth noting that MIIC will be hosting the closing workshop of the Knowledge Exchange Program in March 2017 in presence of Korean experts, during which a final report will be delivered including recommendations and proposed solutions for several problems facing Egypt in application systems of tax policies and national planning.
On the sidelines of the visit, officials in charge of international cooperation held a meeting with the representatives of the Korean Economic Development Cooperation Fund (EDCF) to follow up on ongoing projects between both countries, for which agreements had been reached and signed during President El-Sisi’s visit to South Korea in March 2016, including Naga-Hamady/ Luxor railway signal automation project, and a 20 MW photovoltaic cells power plant, besides the Korean side’s willingness to finance and implement the fifth underground metro line, that would serve millions of Egyptians on a daily basis.