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The Ministers of Investment and Foreign Trade of Egypt and Djibouti signed an framework agreement protocol to enhance trade and economic cooperation between the two countries, aiming to increase trade exchange and stimulate joint investments. The agreement seeks to expand the market for Egyptian products, such as pharmaceuticals, fertilizers, agricultural, and electronic products, leveraging Djibouti's strategic location to facilitate access to the Horn of Africa market. It also aims to activate agreements within COMESA and the African Free Trade Area, with a focus on removing obstacles to trade and investment, and developing sectors such as agriculture, industry, tourism, and food security.
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