The European Union (EU) has recently signed a €7.4
billion agreement with Egypt, aimed at boosting cooperation in trade,
security, and addressing migration issues5 6 7. Here are some key points about
this deal:
1. Objective:
The agreement is part of the EU's strategy to curb irregular migration from
North African countries by providing financial support to these nations. Egypt,
being a significant transit country for migrants, is a focal point in this
effort.
2. Financial
Support: The EU will disburse the funds to Egypt between 2024 and 2027.
The money will be divided into grants and loans. A grant of
approximately €200 million is specifically earmarked for
migration-related initiatives, while other funds will support investment,
bilateral projects, and macro-financial assistance5.
3. Economic
Aid: The financial package aims to shore up Egypt's economy, which has
faced challenges due to soaring inflation and unemployment.
Additionally, disruptions in trade via the Red Sea caused by missile attacks on
commercial ships have further impacted Egypt's commerce5.
4. Criticism
and Safeguards: While these deals are intended to strengthen economies and
manage migration, they face criticism from advocacy groups. Some argue that
they lack sufficient safeguards on human rights and may expose migrants to
harsh conditions in camps. Additionally, concerns exist about supporting
autocratic regimes5.
5. Externalization
Strategy: The EU's approach involves paying third countries to boost their
economies and limit migrant inflows into the EU. Similar deals have been signed
with Turkey, Tunisia, Mauritania, and now Egypt. Another deal with Morocco is
also expected5.
6. Leaders
Involved: European Commission President Ursula von der Leyen and
leaders from Italy, Greece, Belgium, Austria, and Cyprus were present in Cairo
to sign the agreement with Egyptian President Abdel Fattah el-Sisi5.
In summary, while the EU's financial support to
Egypt aims to address migration challenges, it remains a topic of debate
regarding the balance between border control and human rights5.
Source(s)
1. EU
leaders ink €7.4B economic aid, migration deal with Egypt
2. EU
pledges billions of euros to Egypt for help stopping illegal migrants
3. EU
and Egypt sign $8bn deal to curb migration – Mozambique
4. https://www.munaeem.org/2024/03/a-muslim-and-zionist-arab-and-israeli.html
5. EU,
Egypt agree $8.1b deal to stem migration flow
6. EU
and Egypt agree 7.4bn deal focused on energy, migration
7. EU
and Egypt sign 7.4 bn euro deal focussed on energy, migration
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