Egypt and Greece sign agreement to enhance regional cooperation
Egypt and Greece have signed a landmark agreement to enhance regional cooperation, strengthen economic ties and ramp up efforts to combat terrorism in the Eastern Mediterranean.
The agreement, which was signed by Egyptian Foreign Minister Sameh Shoukry and his Greek counterpart, Nikos Dendias, during a visit to Cairo on August 6, 2020, has been hailed as a major step forward in boosting collaboration between the two countries.
Under the terms of the agreement, Egypt and Greece will work together to promote tourism and investment, increase cultural exchanges and reinforce maritime security in the region. It also involves expanding the Exclusive Economic Zones (EEZs) of both countries, which allows them to explore, exploit, conserve and manage natural resources in their respective maritime territories.
The deal is seen as a significant development in the Eastern Mediterranean, where a number of countries are vying for control of offshore oil and gas reserves. The agreement between Egypt and Greece is expected to deepen cooperation in the energy sector and provide a framework for resolving disputes over territorial waters and maritime boundaries.
The agreement also underscores the growing importance of regional cooperation in the Eastern Mediterranean, as countries seek to strengthen their strategic partnerships and tackle common security challenges. Greece and Egypt have been among the most vocal critics of Turkey`s recent assertiveness in the region, which has triggered tensions between Ankara and other countries in the Eastern Mediterranean.
The Egyptian-Greek agreement is a positive development for the region, as it strengthens regional cooperation and promotes stability and prosperity. It sends a powerful message to other countries that cooperation, not confrontation, is the best way to resolve disputes and achieve common goals. As such, it is an important step towards building a more secure and prosperous Eastern Mediterranean.
