Egypt and Latvia Forge New Investment Map Through Joint Business Council and Tech Cooperation

Minister of Foreign Affairs Meets Latvian Foreign Minister.

On Saturday, June 6, Dr. Badr Abdel Aty, Egypt’s Minister of Foreign Affairs and International Cooperation, met with Ms. Baiba Braže, the Foreign Minister of Latvia, during the European Bank for Reconstruction and Development (EBRD) Governors’ Meeting.

Minister Abdel Aty congratulated Ms. Braže on her reappointment following the formation of the new Latvian government, praising the strong bilateral relations between Egypt and Latvia. He expressed a desire to further enhance cooperation across various sectors.

He highlighted the significance of the political consultations held in Cairo in January 2025 at the level of Deputy Foreign Ministers, emphasizing the need for regular meetings to strengthen bilateral ties and provide a platform for discussing regional and international issues of mutual interest.

The minister noted promising opportunities for economic and investment collaboration between the two nations, particularly in digitalization and information technology, given Latvia’s advanced expertise in these fields. He pointed out that ongoing digital transformation projects in Egypt present attractive investment opportunities.

Moreover, he underscored the importance of establishing a joint Egyptian-Latvian Business Council to enhance communication between business communities in both countries, encourage mutual investments, share expertise, build capacities, and explore collaboration opportunities with investment and financial institutions. This would also aim to increase trade volume between Egypt and Latvia in line with their capabilities and relationship level.

In this context, Minister Abdel Aty expressed hopes for enhancing trilateral cooperation with Latvia in Africa, leveraging Egypt’s strategic position as a regional hub for cooperation with African nations.

The two ministers exchanged views on regional and international issues of common interest, including developments in U.S.-Iran negotiations and Egypt’s efforts to support regional security and stability while addressing crises in the area.

The meeting also covered developments concerning the Palestinian issue and the Ukraine crisis. Both sides reaffirmed the importance of intensifying diplomatic efforts to reach peaceful resolutions to these crises to foster security and stability at both regional and international levels.