India and Egypt reaffirmed their commitment to the core values ​​of the Non-Aligned Movement (NAM), international law and respect for the sovereignty and territorial integrity of all states. This was mentioned in a joint statement issued on Thursday, a day after Prime Minister Narendra Modi and visiting Egyptian President Abdel Fattah El-Sisi held wide-ranging talks on bilateral, regional and global issues of common concern.
Regarding economic ties, the statement mentions that the Egyptian side is considering the possibility of allocating a special area of ​​land for Indian industry in the Suez Canal Economic Zone (SCEZ), adding that the Indian side can arrange the master plan.
The Suez Canal connecting the Mediterranean Sea with the Red Sea is one of the busiest trade routes in the world. About 12 percent of global trade passes through the canal every day. India will support its companies that have the potential to set up foreign investment to take advantage of the available investment opportunities in Egypt.
Egyptian considering the possibility of earmarking a special area of ​​land for Indian industry in the Suez Canal Economic Zone (SCEZ) and the Indian side can arrange the master plan. The Egyptian president, who arrived here on a three-day visit on Tuesday, took part in the Republic Day celebrations as the chief guest.
The joint statement said Modi and Sisi reviewed the state of the bilateral relationship based on the pillars of closer political and security cooperation, deeper economic engagement, stronger scientific and academic cooperation, as well as broader cultural and people-to-people contacts.
Both countries reaffirmed their commitment to multilateralism, the principles of the UN Charter, international law, the core values ​​of the Non-Aligned Movement and respect for the sovereignty and territorial integrity of all states.
Although he did not mention any context or country, the reference to the sovereignty and territorial integrity of states came amid growing global concerns over China’s aggressive military buildup and Russia’s invasion of Ukraine.
It said Modi and Sisi expressed concern over the spread of terrorism across the world and agreed that it posed one of the gravest security threats to humanity. Both leaders condemned the use of terrorism as a tool of foreign policy. They called for ‘zero tolerance’ for terrorism and for all those who incite, support and finance terrorism or harbor terrorists and terrorist groups – whatever their motivations may be.
She said the two leaders emphasized the need for concerted and coordinated action by the international community to eradicate terrorism in all its forms and manifestations, including cross-border terrorism. “They reiterated their condemnation of efforts, including by states, to use religion to justify, support and sponsor terrorism against other countries.
“They also called on all countries to work to root out terrorist networks and their safe havens, infrastructure, their financial channels and prevent the cross-border movement of terrorists,” the statement added.
The two leaders reiterated their joint determination to promote the values ​​of peace, tolerance and inclusiveness and to make joint efforts in the fight against terrorism and violent extremist ideologies.
“They emphasized the need for a holistic approach to countering terrorism and violent extremism, which includes, among other things, disrupting the use of the Internet and social media and preventing the use of religious centers to radicalize youth and recruit terrorist cadres,” the statement said.
Modi and Sisi also agreed on the need to regularly hold joint meetings of the counter-Terrorism Task Force to share information and best practices. Both sides agreed to strengthen interaction between their respective national security councils. The joint statement said the two leaders looked forward to deepening cooperation in the field of agriculture and allied services, while highlighting the importance of strengthening the supply chain of food products.
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