The Council of Ministers meeting today presided by the Prime Minister. Sherif Ismail approved a number of issues within government plans to develop some economic sectors as follows:
1-Approval of a draft law on Organic Agriculture by which the Agriculture and Land Reclamation Ministry will fully supervise all organic agriculture activities to help upgrading its standards to cope with ISO regulations, and help maximizing exports of Egyptian organic products to European markets.
The law aims to organize various aspects such as registration and issuing the organic product certificate, the establishment of an explicit and updated database about organic agriculture including lands, type of crops and its geographical distribution all over the Egypt, production figures, and statistics of exports and imports.
2-Approval of a draft decree amending some provisions of the executive regulations of the Universities law No. 49 of 1972 and its explanatory note. The amendments will enable establishing an institute of Nanotechnology and Science in Kafr El-Sheikh University. This comes in line with the purpose of supporting scientific research, developing and increasing the knowledge of modern technological sciences.
3-Approval of launching Adly Mansour axis project on Beni-Suef's Nile river coast, as a sub- project to be included within the Public Authority of Roads and Bridges plan for 2016-2017.
The importance of this project is that it will reduce the pressure and traffic congestion on the only bridge which was constructed since the eighties in the city and will facilitate goods transportation.
4-Approval of a presidential draft decree on a legal and judicial cooperation agreement between both governments of Egypt and Kuwait that includes issues of civil and commercial matters, personal and penal status, exchange convicted persons by custodial penalties. The agreement comes within the frame work of supporting and strengthening the bilateral relation between the Arab Republic of Egypt and Kuwait.
5- Approval of the presidential draft decree on a tripartite agreement with Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) , and The Southern African Development Community (SADC). The agreement establishes a tripartite free trade area that will
liberalize trade of goods and services between member states, also cooperation to develop infrastructure projects, industrial development, and the free movement of investments and business.
6- Approval of an authorization enabling the Minister of Petroleum and Mineral Resources to sign a memorandum of cooperation with the Jordan Ministry of Energy and Mineral Resources in natural gas field. The agreement aims to exchange information and visits, build up gained experiences of the two countries and seize the existing investment opportunities of mutual benefit.
7- Approval of decisions and recommendations issued by the 19th Session of the Ministerial Committee for settling investment disputes, which included (41) items.
8-Approval of extending the time limit given to floating hotels in Lake Nasser area to six months, to complete the licenses renewal procedures and ensure their technical validity. That comes in line with the government's measures to ensure working sustainability for these hotels and to maintain its employment.