Egypt-Japan Join Hands To Boost The Economy

The Japanese government and the UN Industrial Development Organization (UNIDO) have signed an agreement to encourage circular economy activities in Egypt, including single-use plastics.

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Egypt will get $3.57 million in funding from Japan, according to the deal.

Based on a leading daily, the agreement was signed on Tuesday by Noke Masaki, the Japanese Ambassador to Egypt, and Bassel El-Khatib, the UNIDO Regional Center in Egypt.

Senior Egyptian officials, including Rania Al-Mashat, Minister of International Cooperation; Yasmine Fouad, Minister of Environment; and Nevine Gamea, Minister of Trade and Industry, were present at the signing ceremony.

The initiative would aid government attempts to reduce the plastic waste leakage into the atmosphere by showcasing potential greener alternatives. Small and medium-sized companies (SMEs) will receive technological assistance, and stakeholders, manufacturers, and customers will be kept informed of renewable plastics supply and use trends.

This multi-level methodology is intended to help implement laws, legislation, and economic instruments that would make it easier for the single-use plastic supply chain to follow greener practices.

The “G20 Osaka Blue Ocean Vision” was declared during Japan‘s presidency of the Group of 20 (G20) in 2019 to reduce additional waste from marine plastic debris to zero by 2050.

To endorse the initiative, Japan unveiled the “Water Initiative,” which facilitates successful global efforts to combat aquatic plastic waste.

UNIDO has been implementing a plastic value chain analysis in Egypt under this Japan-funded initiative (JICA) in partnership with the Japan International Cooperation Agency. The research looked at the possibilities of incorporating environmentally friendly technical solutions such as alternative fabrics, packaging, and recycling.

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