Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates, received a phone call from Jean-Noël Barrot, the French Minister for Europe and Foreign Affairs.
He also held a discussion yesterday, Sunday, with Dubravka Suica, the European Commissioner for the Mediterranean.
The conversations focused on the rapid developments in the region, the ongoing military escalation, and the efforts being exerted to reduce tensions.
Abdelatty reviewed the outcomes of the Islamabad meetings held within the Egyptian-Saudi-Turkish-Pakistani quadrilateral framework, aimed at halting escalation and preventing the expansion of the conflict.
Moreover, he detailed the mediation efforts undertaken by Egypt, in cooperation with Turkey and Pakistan, to launch a direct negotiation track between the Iranian and American sides. This initiative aims to contain the current military conflict, prioritize diplomacy, and resort to dialogue as the only means to prevent the region from sliding into total chaos.
The discussions also addressed the economic repercussions of the ongoing war on both the global and regional economies.
In this context, the two European officials referred to the financial and economic cooperation programs between Egypt and the European Union.
Furthermore, they highlighted the solidity of the Egyptian economy's foundations and its resilience in facing regional and international challenges.
They also noted its ability to absorb shocks despite the impact of military escalation on global economic growth, driven by rising energy and food prices and disrupted supply chains.
For his part, Abdelatty emphasized that the Egyptian economy has indeed demonstrated a high capacity for resilience against the fallout of regional military escalation.
Moreover, he attributed this to the structural and monetary reforms implemented by the Egyptian government over recent years, which helped mitigate the crisis's impact.
He added that the Egyptian economy has successfully navigated numerous regional crises in the past, expressing full confidence in its ability to overcome the current situation.
Abdelatty also noted that Egypt remains committed to implementing economic reforms and fostering a favorable investment climate, bolstered by the security and stability the country enjoys despite regional turmoil.
The parties concluded the calls by agreeing to intensify efforts to support de-escalation in the region and to continue pushing Egyptian-European strategic, economic, and financial relations toward broader horizons.
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