Egypt's Prime Minister Mostafa Madbouly held a meeting Monday evening with members of the Advisory Committee on Export Development to review a number of proposals aimed at supporting and growing the export sector. The Advisory Committee for Export Development presented several proposals aimed at boosting exports, improving trade policies, and strengthening Egypt's position in global markets. Finalising the Export Growth Framework Madbouly directed the Minister of Investment and Foreign Trade to finalise and present the framework for an export growth programme before the end of March. The initiative is expected to streamline export procedures, enhance financing options, and improve the overall business climate for exporters. Private Sector's Expanding Role At the same time, the committee emphasised that, for the first time, the private sector is actively advising the government on economic policies, reflecting a shift towards greater collaboration. This engagement has encouraged private companies to expand investments, further driving industrial growth and export potential. Increasing Foreign Investment Interest Moreover, officials highlighted growing interest from foreign investors in Egypt's manufacturing sector, particularly from China, Turkey, and India. This renewed engagement marks a significant shift and is seen as a direct outcome of Egypt's economic reforms and improved business environment. Focus on Inflation and Interest Rates In addition to these efforts, Minister of International Cooperation Rania Al-Mashat confirmed that the government and the central bank are prioritising measures to reduce inflation and interest rates. She emphasised that these steps are critical for stimulating domestic demand, supporting industrial expansion, and sustaining export growth. Policy Recommendations for Export Growth Building on these discussions, the committee discussed a range of policy measures, including tax incentives, improvements in trade data management, and sector-specific strategies for industries such as textiles, food products, and pharmaceuticals. Officials also underscored the importance of achieving higher export volumes, with discussions centering on long-term targets to further expand Egypt's global trade footprint. The government has been working toward significant milestones, including a broader strategy aimed at increasing exports to $100 billion. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
