Press Release: EU-Egypt Task Force agrees major package of economic and political assistance for Egyptian transition

The EU-Egypt Task Force, the largest-ever meeting between the European Union and Egypt, today (14.11.2012) agreed a major package of economic and political assistance to help Egypt with its ongoing transition. The Task Force, co-chaired by EU High Representative Catherine Ashton and Egyptian Foreign Minister Kamel Amr, confirmed the EU as Egypt's largest economic partner. The EU undertook to provide nearly 5 billion euros in the form of loans and grants for 2012-2013. Over two days, participants discussed issues including commercial ties, economic cooperation, tourism, political reform, asset recovery, human rights, infrastructure and information technology.