Trade minister: Strategy formulated to foster Egypt's export system
Friday، 11 January 2019 - 10:50 AM
Minister of Trade and Industry Amr Nassar said on Thursday that there is much coordination between the ministry and members of the ministerial economic group to draw up a strong and effective strategy to boost the export system in Egypt.
The system focuses on introducing a comprehensive vision for the country’s key export sectors and seeks to find solutions to all challenges facing Egyptian exports in various world markets, he also said.
It will also witness merging approaches of the government and the private sector to improve the services provided to exporters and businessmen, he added.
Nassar made the remarks as he chaired a meeting of the board of directors of the Export Development Authority (EDA), which touched on a future strategy to boost exports in addition to the EDA work plan till the end of the 2018/2019 fiscal year.
The minister noted that the coming stage will see a comprehensive review of all export-related measures with the aim of eliminating bureaucracy in a way that positively affects export sectors.
The EDA efforts have contributed to increasing Egypt’s exports to $25 billion in 2018, he said, noting that the list of Egyptian exports was topped by chemicals, fertilizers, food industries and ready-made garments.