Representatives from the two governments put forward an instrument to promote economic activity.
Tomás Guardia, Panamá’s (link in Spanish) ambassador in Cairo, and Galal Said, Egypt’s minister of transportation, met to reach mutual cooperation agreements and exchange experience and good practices in areas such as ship registration, port management, training courses, the Institute of Maritime Transport, and the establishment and development of logistics centers.
At the meeting, a maritime cooperation agreement was put forward which included the recognition of training and certification in accordance with rule 1/10 of the International Convention on Standards of Training, Certification, and Watchkeeping for Seafarers.
Procedures were also established for the flagging of ships from Panama, whose registry includes 6,000 vessels involved in the global traffic of goods.
Egypt showed great interest in learning from Panama’s experience to speed up its procedures for registering ships for which it is the flag state.