In September 2014, Egypt`s foreign minister cancelled a meeting requested by Turkey with Turkish President Erdoğan, after Erdoğan gave a critical speech about Egypt at the UN General Assembly.  An adviser to the Turkish president denied that the countries` leaders planned to meet. Subsequently, however, the Egyptian Foreign Ministry distributed to the media a scanned document of the Turkish meeting proposal and was published by the Egyptian newspaper Youm7.  Sisi`s government also decided to repeal the «ro-ro» agreement with Turkey and prevent Turkey from transporting Turkish containers into the Gulf through Egyptian ports.  An intense campaign by Egypt and Saudi Arabia against Turkey caused the Egyptian and Saudi Republic to lose its intended easy victory over membership of the UN Security Council.  In 1925, Turkey entered into diplomatic relations with Egypt at the level of the Business Lot and downgraded its mission in Cairo to the level of ambassadors in 1948. Both countries have embassies and consulates general in the capitals of the other. The two countries signed a free trade agreement in December 2005. Both countries are full members of the Union for the Mediterranean.
A natural gas deal between Egypt and Turkey – the largest joint project between Egypt and Turkey to date, estimated at $4 billion – will be implemented. [Citation required] On 16 April 2008, Egypt and Turkey signed a Memorandum of Understanding to improve and promote military relations and cooperation between the two countries. The ship used by Menalines is now Anna Marine (formerly Stena Leader). The bilateral trade agreement has many advantages for Egypt and aims to support the Egyptian economy and contribute to the benefit of its geographical location. Egypt has the development potential to become a logistics center worldwide. The service will facilitate Egyptian exports to Turkey and Russia and other markets in Eastern Europe, Central Asia and northern Iraq. The agreement signed in 2012 allowed Turkish carriers to bypass dangerous routes from Syria and Iraq in order to meet export targets in the Persian Gulf. Ro-ro is an agreement signed by Egypt and Turkey in March 2012 to facilitate the transfer of exports between the two countries. The agreement aims to use Egyptian ports to transport Turkish exports of food, electrical appliances and textiles to the Gulf countries, after the Syrian authorities closed the crossing points to Turkish trade.
As tensions between Egypt and Turkey escalated following the fall of President Mohamed Morsi in 2013, Egypt decided not to renew the ro-ro agreement in 2014. If the deal is not renewed, the direct effect of the cut-off will be to undermine turkey`s nascent truck sector in southern and southeastern Turkey, which is concentrated in the provinces of Mersin, Hatay, Gaziantep, Sanliurfa and Mardin. More importantly, the economic impact is broader. By increasing the downward trend in Turkish exports to the region, the non-renewal of the contract is expected to have a negative effect on an already low growth rate and mitigate the improvement in a chronically high current account deficit since the beginning of 2014. This is all the more likely as Arab consumer demand in the Gulf is dampened by falling global oil prices and the EU`s current economic underperformance, which will likely limit the ensuing quarrels over other export targets. Moreover, Egypt`s decision roughly coincides with a measure taken by the Libyan Government in Tobruk to expel Turkish contractors operating in their territories; another politically entrenched quarrel, which contributes to an emerging trend of regional economic isolation for Turkey. The Egyptian government has decided not to renew a three-year transit agreement with Turkey, which expires on April 22, 2015. The 2012 deal with the toppled Morsi government allowed Turkish trucks to arrive in the Egyptian cities of Alexandria and Port Said by roll-on/roll-off ships and access Egyptian Red Sea ports by land. .