Israel, Egypt to boost economic ties, step up bilateral trade to USD700 million
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Under a new proposed plan, the two countries are set to jointly develop the Nitzana crossing between them, where commercial trade is handled, as a regional logistics center and a joint employment area; engage in R&D cooperation; develop joint projects in the area of green energy; and increase the number of direct flights.
The plan will also see Israel increase imports of food, fresh fish, and construction materials from Egypt and exports of agriculture solutions and technologies.
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