Egypt was the first Arab state to sign a historic peace treaty with Israel.
Egypt was the first Arab state to sign a historic peace treaty with Israel.
- The Camp David Accords, held under the leadership of Egyptian President Anwar El Sadat and U.S. President Jimmy Carter, led to the Egypt-Israel peace treaty, signed in early 1979.
- President Sadat’s historic visit to Jerusalem in 1977, as well as his speech in front of the Israeli Knesset, paved the way for the successful peace process between Egypt and Israel.
- In his acceptance speech for the 1978 Nobel Peace Prize, President Sadat said “Let us put an end to wars; let us reshape life on the solid basis of equity and truth. And it is this call, which reflected the will of the Egyptian people, of the great majority of the Arab and Israeli peoples, and indeed of millions of men, women and children around the world.”
- Since the establishment of peace between Israel and Egypt, the two countries have developed trade relations in a number of realms, including textiles, machinery, chemicals, vegetables and cotton, with bilateral trade reaching over $114 million in 2008.
Source: Ministry of Trade and Industry