Singapore and Egypt agreed to explore the feasibility of a free trade agreement and plan to step up economic cooperation.

The two nations also inked seven memoranda of understanding including on maritime and agricultural cooperation, Singapore’s Ministry of Foreign Affairs said in a statement on Sunday.

Singapore’s President Tharman Shanmugaratnam is visiting the Arab country where he met President Abdel-Fattah El-Sisi and Prime Minister Mostafa Madboudly.