Egypt and Algeria signed 12 deals Saturday to expand and develop cooperation in various fields, reported the Kuwaiti News Agency (KUNA).
The deals were forged in Algiers by Egypt’s Foreign Ministers Amr Moussa and his Algerian counterpart Abdulaziz Belkhadim at the end of the sixth joint higher committee meeting, said the agency.
The deals include cooperation in the fields of double taxation, unifying standards and specifications of goods, judiciary, agriculture, water, roads, culture, education and diplomacy.
Both countries, said the agency, expressed hope that such deals will "alleviate economic and commercial relations to the level of distinguished ties."
Egyptian businessmen, meanwhile, plan to invest $1 billion in various projects in Algeria, Algerian ambassador to Egypt, Mustafa al-Sharif, was quoted as saying by the United Press International agency (UPI) last week.
Al-Sharif said the Egyptian businessmen were considering investing in industrial, food, and pharmaceutical projects - Albawaba.com
