German Official: MB is an Asset to Egypt’s Upcoming Phase

Speaking to the MENA, President of the Arab-German Chamber of Industry and Commerce, Rainer Herret stated that the German Government will consider the economic policies adopted by all Egyptian political powers, including the Muslim Brotherhood.

According to Mr. Herret, the idea of decreasing German’s investments in Egypt if the Brotherhood comes to power was not even contemplated. He stressed that the new political parties should implement a group of economic policies to boost investments and enhance the Egyptian economy’s competitiveness.

Mr. Herret downplayed concerns about the MB winning the elections, maintaining that Islam is a moderate religion, which encourages dialogue and denounces violence and extremism. He predicted German investments will increase in Egypt in the near future adding his country wants to boost relations with Egypt, the third biggest partner in the area, after the UAE and Saudi Arabia.

Mr. Herret also added that the Egyptian-EU agreement has done much to boost economic and trade co-operation between Cairo and Berlin. He confirmed that the EU is ready to do all it can to support the Egyptian economy, following the January 25 revolution, including considering subsidies to meet the Egyptians’ needs.