Maariv: Egypt and Turkey near economic alliance
Egypt and Turkey are moving toward strengthening economic cooperation with the goal of increasing bilateral trade to $15 billion. This includes measures such as expediting licensing procedures and establishing a Turkish industrial zone in the Suez Canal. The dialogue with Ankara also involves discussions about not immediately committing to the proposed defense alliance, with Cairo emphasizing the need for careful study before making any decisions related to military commitments. These developments come amid expanding trade and political relations between the two countries and coincide with Saudi Arabia, Turkey, and Pakistan signing a joint defense agreement to enhance collective deterrence.
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