Egyptian Industries Federation hosts 1st WTO celebration

CAIRO – 20 September 2018: The Federation of Egyptian Industries will host the first celebration of the World Trade Organization (WTO) to launch the charter of the new Fair Trade on Sept. 25, 2018.

The federation clarified in a statement that the celebration will be organized by the Egyptian Export Council for Handicrafts and the Egyptian Chamber of Handicrafts, under the auspices of the Egyptian Federation of Industries.

The event comes as part of Egypt's participation in the international celebration of the launch of the Charter of Fair Trade, which coincides with the three-year launch of the United Nations for the goals of sustainable development 2030, which takes place in several capitals of the world.

The ceremony will also include the announcement of the first batch of Egyptian handicrafts companies that have become members of the World Fair Trade Organization (WFTO) through a program organized by the Export Council to increase the export of handicrafts as the organization opens new international markets for these products.

“This event is important to Egypt as it is working towards increasing exports through the implementation of its National Strategy for Sustainable Development (Vision 2030),” Vice-Chairman of Export Council for Handicrafts and Member of the Board of Directors of the Union of Egyptian Industries Hesham el-Gazzar.

He added that Vision 2030 stipulates that the new Egypt has a competitive, balanced and diversified economy based on innovation, knowledge, justice, social integration and participation with a balanced and diverse ecology system that invests the genius of the place and human to achieve sustainable development and improve the quality of life for Egyptians.

Upon Vision 2030, Egypt launched Strategy 2020 in November 2016. It includes five main axes: industrial development, small and medium enterprise (SME) development and entrepreneurship, export development, training and technical education development, and corporate governance and development.

The strategy aims at increasing exports in the first place after strengthening the local industry.