During Foreign Office Questions Roger Williams MP asked what steps the Foreign Office has taken to develop the economic relationship between the UK and Egypt.
A stable Egypt is vital to the region, as it has the potential to play an important role in promoting peace in the Middle East. To reach that outcome the political and economic development can be mutually reinforcing. The UK is currently seeking to deepen its trade and investment partnership with Egypt and lead a trade mission of 51 companies to Egypt last week.
Commenting Roger Williams MP for Brecon and Radnorshire said:
“I have for a long time been interested in Egypt as I have got to know many Egyptian people and have visited the country on one occasion. It has great potential and in the past has played a vital role in promoting peace in the Middle East as it has the confidence of both the Palestinian people and Israel. Sadly it has gone through a number of years of political and civil unrest, which has meant its ability to work with the two countries has been limited. Now with a democratically elected Government it must build its economy to become stable and prosperous once again. Then it can take a lead in promoting peace in this war-torn region.
“I was pleased that the Minister had lead a delegation of 51 businesses in a trade visit to Egypt. The UK is the biggest inward investor in Egypt and in doing so will give the country a boost in getting more Egyptians back to work and increasing the wealth of the country.”
During Foreign Office Questions in the House of Commons, Roger Williams asked:
A stable and prosperous Egypt could play an important part in resolving some of the problems in the area. What steps has my hon. Friend taken to develop the economic relationship between the UK and Egypt, and does he agree that political development and economic development in Egypt can be mutually reinforcing?
The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs Mr. Tobias Ellwood replied:
As part of our efforts to support Egypt’s economic recovery, I was delighted to lead a trade mission of 51 companies to Egypt last week. That was the largest delegation to Egypt in 15 years. We are the largest foreign direct investor in Egypt, and it is absolutely right that we should seek to deepen our trade and investment partnership with it. A more secure, prosperous and dynamic country can only be founded on a growing and dynamic economy, which creates jobs and opportunities for all Egyptians.