Home » EU Boosts Ties with Egypt with €7.4 Billion Package

EU Boosts Ties with Egypt with €7.4 Billion Package

Deal Includes Funding to Address Migration and Promote Reforms

by Victor Adetimilehin

The European Union (EU) announced a significant €7.4 billion ($8.1 billion) aid package for Egypt, signifying a strengthened relationship between the two. This move comes amidst ongoing concerns about migration flows and aims to bolster Egypt’s economy while addressing human rights issues.

Multifaceted Partnership to Address Shared Challenges

The agreement elevates the EU-Egypt relationship to a “strategic partnership,” signifying a broader collaboration beyond just migration control. The funding package includes a mix of grants, loans, and investments spread over three years. It targets various sectors including renewable energy, trade, and security. Additionally, €200 million is specifically allocated for migration management.

This comprehensive approach reflects the EU’s recognition of Egypt’s strategic importance. The country, with a population exceeding 100 million, faces economic challenges and plays a crucial role in regional stability efforts, particularly regarding the ongoing conflicts in Gaza and Sudan.

EU, Egypt Seek Balance Between Migration Control and Rights Concerns

The EU and Egypt acknowledge the need to manage migration flows. In recent months, Greek islands have witnessed a rise in migrant arrivals, with some originating from Egypt. The funding aims to support Egypt in curbing irregular migration attempts, potentially through measures like border control improvements.

“We must prevent the opening of new migration routes and we will work very closely with Egypt to ensure that this will be achieved,” said Greek Prime Minister Kyriakos Mitsotakis, adding that both countries would try to open up legal pathways on migration.

Activists have criticised Western backing for Sisi, who came to power a decade ago after leading the overthrow of Egypt’s first democratically elected leader.

A crackdown has swept up dissidents from across the political spectrum, while the state and the army have extended their grip on the economy, which businesspeople and analysts say has impeded structural reforms demanded by the IMF.
Sisi’s backers say security measures were needed to stabilise Egypt and pave the way for providing social rights such as housing and jobs.

However, the deal has drawn criticism from human rights groups. They raise concerns about the potential for overlooking human rights violations in Egypt in exchange for migration control. The EU maintains that the partnership aims to promote democracy and freedoms within the country.

Looking Ahead: A Balancing Act

The EU-Egypt deal presents a complex balancing act. While addressing migration concerns is crucial, ensuring respect for human rights remains vital. The success of this partnership will depend on Egypt’s commitment to reforms and the EU’s ability to hold it accountable while offering support for economic development and social progress.

Source: Reuters 

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