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AGREEMENT OF ECONOMIC AND TECHNICAL

COOPERATION BETWEEN THE GOVERNMENT OF THE
ARAB REPUBLIC OF EGYPT AND THE GOVERNMENT
OF THE PEOPLES REPUBLIC OF CHINA
The Government of the Arab Republic of Egypt and The
Government of the Peoples Republic of China, with a view to further
develop and strengthen friendly relations and economic and technical
cooperation between the two countries, have agreed as follows:
( ARTICLE I )
Based on the cooperation between the two governments, the
Government of The Peoples Republic of China has agreed to provide the
Government of The Arab Republic of Egypt with a grant of RMB Yuan
200,000,000 (Two Hundred Million Renminbi Yuan Only) to be used in
studying the feasibility and implementation of the National Rural
Sanitation Program and the Egyptsat-2 for Remote Sensing Applications
Project and other projects to be agreed upon by the two sides later on.
The specific matters for implementing this agreement shall be stipulated
in the Exchange of Notes to be signed separately between the two sides
later on.

( ARTICLE II )
The Central Bank of Egypt and the China Development Bank
Corporation shall open in each others name in their respevtive books an
interest-free and charge-free account in Renminbi to record payments under
the gratuitous aid, briefly referred to as Aid Account No. 2016/1.
During the period of disbursement of the Aid, China Development
Bank Corporation shall, on receipt of the settlement bill from the party
concerned in China, debit the said Account with the amount thereof and
send a settlement advice together with the relevant documents to the
Central Bank of Egypt who shall, upon receipt, credit the said account
accordingly.
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During the period of disbursement of the Aid, China Development

Bank Corporation shall, no later than the fifth day of each month, send its
statement of the said Account for the preceding month, if any entries are
booked, to the Central Bank of Egypt who shall, within 15 days after
receipt of it, confirm its correctness or point out discrepancies, if any, to
Ching Development Bank Corporation.
( ARTICLE III )
This Agreement shall enter into force from the date of the latest
mutual exchanged written notification by both sides, stating that each
country has completed the necessary constitutional procedures. This
Agreement shall remain valid until the two governments have fulfilled all
their respective obligations hereinabove.
Done in duplicate in Cairo on 21/1/2016 in the two originals Arabic,
Chinese and English Languages, each side keeping one copy and three
texts being equally authentic. In case of divergence of interpretation, the
English text shall prevail.

For and on behalf of The For and on behalf of The

Government of The Arab Government of the Peoples
Republic of Egypt Republic of China
Dr. Sahar Nasr Gao Hucheng
Minister of International Minister of Commerce
Cooperation
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