Egypt and South Korea are keen to develop relations in all fields, in light of the growing volume of Korean investments in the country, according to Minister of Finance Mohamed Maait.
Maait stressed during his meeting with the South Korean ambassador in Cairo, Hong Jin-wook that this prompts the government to overcome all obstacles and solve any problems that Korean companies operating in Egypt may face in the tax and customs fields, in a way that stimulates foreign investments and achieves the stability of these companies in their activities and business.
The minister added, in a statement issued Sunday, that they discussed the amendments related to the double taxation agreement concluded between the two countries to reduce evasion and double taxation to stimulate the investment climate.
They also discussed ways to increase the volume of Korean investments in Egyptian bonds in order to diversify financing tools in line with the debt management strategy, reducing the cost of financing the budget deficit and financing the development plan.
