Trade Minister
Minister of Trade and Industry Nevin Gamea and Head of the Arab Organization for Industrialization (AOI) ِAbdel Me'nem el Terras discussed Saturday boosting the local manufacturing and increasing the added value for the Egyptian products.
Manturov and Egyptian Trade Minister Amr Nassar will co-chair the 12th session of the joint committee for economic and trade cooperation.
The minister expressed keenness on coordination with Arab states to facilitate measures of integration and investments, as well as the transfer of capital.
Trade and Industry Minister Amr Nasar stressed that the cabinet is keen on providing the suitable atmosphere to lure more foreign investments to the Egyptian market
His remarks came while addressing the third session of annual meetings of the African Caucus for the World Bank (WB) and the International Monetary Fund (IMF).
The two sides discussed developing ILO programs in Egypt, as well as the future of cooperation between the Egyptian government and the ILO.
The event will run for two days.
The agreement is meant to promote for products made of Egyptian cotton on local and international markets, Kabil said.
The draft law will contribute to creating a suitable atmosphere through granting more privileges to the domestic product.
South Korean investments in Egypt are estimated at $445 million for 171 projects in various fields.
Trade Minister Tarek Kabil postponed the implementation of the executive regulations of the Importers Register Law to December 22.
Former Trade Minister Rashid Mohamed Rashid arrived in Egypt from Italy, after fleeing the country six years ago.
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