EU's International Trade Committee Approves €4 Billion Aid Tranche for Egypt Amid Strategic Partnership

The European Parliament's International Trade Committee approved a €4 billion tranche of the EU's financial assistance to Egypt. This represents the second installment of a €7.4 billion package committed after the elevation of EU-Egypt relations to a Comprehensive Strategic Partnership in March 2024. Egypt received the first €1 billion tranche in December 2024. The full European Parliament is expected to vote on the funding in the coming weeks. The financial support aims to enhance cooperation in economic and developmental sectors, bolstering Egypt's economic stability and collaboration on trade, investment, and regional security.