• Bilateral relations between Egypt and Hungary are based on close cooperation between both countries. Egypt has attempted to reinforce and expand its cooperation with Hungary through the activation of the joint committee between both countries. The Joint Egyptian-Hungarian Committee held its first session in 2008 on the level of senior officials, after a cessation for nearly 21 years (the last Joint Committee meeting was held in 1987) to follow up and discuss developments of bilateral cooperation in various fields, particularly health and medicine, trade, investment, tourism, higher education, scientific research, the environment and human resource development.
• During the discussions held between the Egyptian Minister of International Cooperation and the Hungarian Foreign Minister in 2009, both parties tackled the development of cooperation between their countries and agreed to activate the results reached at the meetings of the Egyptian Hungarian Joint Committee for Economic, Scientific and Technical Cooperation. The significant role of the Egyptian Hungarian Joint Business Council was emphasized.
• At the bilateral meetings held between Hungarian officials and their counterparts of the Ministry of International Cooperation, both sides discussed cooperation in the field of rural development through a project under study for realizing integrated rural development in Kafr El-Sheikh governorate, as well as promoting cooperation in financial and banking fields through the draft cooperation agreement between the Export Development Bank of Egypt and the Hungarian Export and Import Bank, as well as the agreement to establish a subcommittee of the Egyptian Hungarian Joint Committee for Economic, Scientific and Technical Cooperation to explore cooperation opportunities and projects in the field of the environment to promote bilateral cooperation in this vital sector.
The first session of the Joint Committee was held on 2 March 2008 in Cairo.
Important Recommendations /Agreements Signed at the Last Session:
• Following the first session of the Joint Committee held in Cairo in March 2008 at the level of senior officials, ways to develop and push forward economic cooperation between both countries in the fields of competence and experience were discussed, in particular health and medicine, trade and investment, information technology and telecommunications, transport, energy, petroleum, fisheries, environment and human resource development, in addition to signing a number of documents in the fight against avian influenza, food security and animal health, scientific and technological research and the environment, as well as signing an agreement establishing the Egyptian Hungarian Joint Business Council during the Business Forum held on the sideline of the first session of the Joint Committee, for sharing information on available investment opportunities in both countries, thus contributing to promote and increase the flow of Hungarian investments to Egypt.