Dangote refinery seeks US crude boost    Taiwan's tech sector surges 19.4% in April    France deploys troops, blocks TikTok in New Caledonia amid riots    Egypt allocates EGP 7.7b to Dakahlia's development    Microsoft eyes relocation for China-based AI staff    Beyon Solutions acquires controlling stake in regional software provider Link Development    Asian stocks soar after milder US inflation data    Abu Dhabi's Lunate Capital launches Japanese ETF    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    MSMEDA chief, Senegalese Microfinance Minister discuss promotion of micro-projects in both countries    Egypt considers unified Energy Ministry amid renewable energy push    President Al-Sisi departs for Manama to attend Arab Summit on Gaza war    Egypt stands firm, rejects Israeli proposal for Palestinian relocation    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egypt's museums open doors for free to celebrate International Museum Day    Egypt and AstraZeneca discuss cooperation in supporting skills of medical teams, vaccination programs    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egypt, Greece collaborate on healthcare development, medical tourism    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Minister of Industry and EU delegation head inaugurate Trade and Domestic Market Enhancement Programme
Ministry of Industry targets a 9% growth rate by 2020, with industry's share of GDP to appreciate to 22%
Mohamed Alaa El Din Published in Daily News Egypt on 11 - 02 - 2016

Minister of Industry and Foreign Trade Tarek Kabil and Ambassador James Moran, head of the European Union delegation to Egypt, jointly announced Thursday the implementation of the Trade and Domestic Market Enhancement Programme.
Within the framework of the programme the European Union will provide Egypt with technical assistance in foreign trade and will strengthen the capabilities of the Egyptian industrial sector.
Kabil stated that the agreement will be integral to the ministry's plans for the sector to register a 9% growth rate and constitute 22% of Egypt's Gross Domestic Product (GDP) by the year 2020.
Within the framework of the agreement, there will be a provision of €20m to support industrial development and infrastructure.
Trade between Egypt and the EU accounted for 40% of the total Egyptian trade exchange, according to Kabil.
The EU's technical support programme will facilitate the transfer of working methods and technical expertise to bolster the Egyptian industrial's sector internally and externally by ensuring quality manufacturing, while also creating jobs for the youth demographic. According to Kabil these initiatives directly align with the ministry's goals for the sector.
The programme will ensure that Egyptian industrial specifications and quality conform to European counterparts, mitigating trade barriers between the parties.
The programme also aims to align with the Europe 2020 sustainable development strategy and the ministry's action plan to strengthen the role of Egypt in international trade by benefiting from transparent policies and international trade agreements. Objectives also include promoting industrial development by infrastructure improvement, reducing economic inequality, and creating job opportunities by focusing on the development of SMEs.

Clic here to read the story from its source.