Greece and Egypt Sign Agreement to Expand Cooperation in the Eastern Mediterranean
Greece and Egypt have signed a historic agreement to expand cooperation in the Eastern Mediterranean. The agreement, which was signed on August 6th, 2020, aims to strengthen political, economic, and cultural ties between the two countries, while also creating a framework for increased cooperation in the energy sector.
The agreement is significant in light of recent tensions in the Eastern Mediterranean, where Turkey has been involved in a standoff with Greece and Cyprus over maritime borders and potential energy resources. The Greece-Egypt agreement sends a clear message to Turkey that its aggressive actions in the region will not be tolerated, and that Greece and its allies will work together to protect their interests.
One of the key aspects of the agreement is the creation of an exclusive economic zone (EEZ) between Greece and Egypt, which will allow the two countries to jointly explore and develop energy resources in the region. The EEZ includes the area between the Greek island of Crete and the Egyptian coast, and is expected to contain significant reserves of natural gas.
The agreement also includes provisions for joint military exercises and training, as well as increased cooperation in the fields of education, tourism, and technology. It marks a new era of cooperation between Greece and Egypt, and is expected to have a positive impact on the economies of both countries.
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