CAIRO - 9 July 2024: Minister of Investment and Foreign Trade, Hassan El-Khatib, has outlined the Ministry's plans for the upcoming phase to achieve Egypt's ambitious target of reaching $100 billion in annual commodity exports.
El-Khatib emphasized that the Ministry will focus on several key strategies to meet this goal.
Firstly, the Ministry aims to stimulate investments that are geared towards export-oriented industries. By attracting investments that prioritize exports, Egypt can enhance its capacity to produce competitive products for foreign markets.
Additionally, efforts will be made to enhance the competitiveness of Egyptian goods in international markets and explore new market opportunities for Egyptian products.
El-Khatib underscored the importance of maximizing the benefits derived from the numerous free and preferential trade agreements that Egypt has signed with numerous countries.
To ensure effective collaboration with the business community, including investors, exporters, and importers, the Ministry will enhance coordination and communication in the next stage.
Furthermore, the Ministry will prioritize maximizing the advantages offered by the Export Support and Burden Rebate program. This program, implemented in collaboration with the Export Development Fund and the Ministry of Finance.
El-Khatib also emphasized the need to activate and fully utilize all free trade agreements signed between Egypt and various economic blocs worldwide.
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