Egypt's Minister of Investment and Foreign Trade Hassan El Khatib held a meeting with the president of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, to discuss ways to strengthen cooperation and increase European investment in Egypt, as per a Cabinet statement. During the meeting, El Khatib outlined Egypt's economic policy directions and government efforts to improve the investment climate. These include developing the customs clearance system, streamlining port operations, and implementing modern fiscal policies. The minister highlighted the importance of digital transformation in facilitating trade and investment, adding that the ministry is currently rolling out several initiatives aimed at boosting Egyptian exports and improving supply and production chains. He also noted that the government is undertaking a broad package of economic reforms, spanning fiscal, monetary, and trade policy, including easing burdens on investors and streamlining licensing procedures via a unified digital platform. El Khatib reaffirmed Egypt's commitment to an open and balanced trade policy that respects World Trade Organisation rules while supporting domestic industry. Renaud-Basso reiterated the EBRD's commitment to supporting infrastructure projects in Egypt, particularly in areas such as digital transformation, sustainable development, healthcare, industry, and energy. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
