Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    ICJ holds Israel responsible for worsening humanitarian crisis in Gaza    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Cairo Metro's Line 4 project with Japan gets cabinet green light    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Beit Logistics invests EGP 500m to develop Safaga Integrated Logistics Center    Egypt's Social Housing Fund, United Bank sign deal to expand mortgage finance cooperation    Survivors of Nothingness – Part Three: Politics ... Chaos as a Tool of Governance    EU's Kallas says ready to deepen partnership with Egypt ahead of first summit    Egypt's Sisi hails Japan's first female PM, vows to strengthen Cairo-Tokyo ties    Egypt's exports to EU surge 7.4% to $8.7b in 8 months — CAPMAS    Egypt makes news oil, gas discoveries in Nile Delta    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Egypt's PM reviews efforts to remove Nile River encroachments    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt screens 13.3m under presidential cancer detection initiative since mid-2023    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt, WHO sign 2024-2028 country cooperation strategy    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's El-Khatib: Govt. keen on boosting exports
Published in Amwal Al Ghad on 30 - 04 - 2025

Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib participated in the "Exporter's Day" event organised by the Egyptian Exporters Association (ExpoLink), per a Cabinet statement.
During his speech at the event, El-Khatib emphasised that his participation in the third edition of Exporter's Day event aligns with the government's support for the "Investment for Export" initiative introduced by the association the previous year.
He affirmed that the initiative highlights the complementary relationship between investment and export, as the two pillars of sustainable development and economic growth, the statement added.
El-Khatib added that this year's slogan, Made in Egypt – From Local to Global, embodies the state's ambition to strengthen the presence of Egyptian products in international markets and achieve a qualitative leap in export performance.
He emphasised the state's focus on exports as a top priority to boost foreign currency reserves and lower the trade deficit. The government aims to increase exports to $145 billion by 2030, necessitating annual export growth rates of over 20 per cent.
El-Khatib noted that over the past decade, the state has heavily invested in infrastructure, including cities, ports, and logistical zones, all connected by modern transport networks, which has strengthened export capabilities.
The minister stated that a major change in monetary policy occurred in March 2024 with the implementation of a flexible exchange rate, aimed at boosting the competitiveness of Egyptian products. This aligns with fiscal policy changes aimed at easing investor burdens and enhancing the business environment.
He also mentioned that the ministry is working to speed up customs release time to just two days by the end of 2025, through extended working hours and the implementation of 29 trade facilitation measures.
El-Khatib assured that export burdens will be reimbursed within 90 days under the current programme. A new three-year reimbursement programme, developed in collaboration with export councils and relevant authorities, will be announced soon to support the country's export goals.
The minister also revealed an ambitious plan to boost Egypt's presence in Africa by setting up 5 to 6 logistical centres in key countries. He said these centres will help improve supply chain efficiency.
El-Khatib highlighted Egypt's potential for export leadership due to its strategic location, abundant resources, and skilled workforce. He urged collaboration between the public and private sectors to develop a manufacturing-based export economy.
For his part, Chairman ExpoLink Mohamed Kassem stated that the association has signed several local and international partnership agreements aimed at boosting Egypt's presence in foreign markets.
He noted the upcoming expansion into the American and Swiss markets through the opening of representative offices to promote Egyptian products, according to the statement.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama


Clic here to read the story from its source.