Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Government discusses boosting Egyptian food exports
Published in Daily News Egypt on 12 - 02 - 2023

Egypt's Prime Minister Mostafa Madbouly met on Sunday with Deputy Chairperson of the Federation of Egyptian Industries (FEI) Tarek Tawfik and Chairperson of the Food Export Council (FEC) Hani Berzi to discuss boosting Egyptian food exports.
Madbouly emphasised that the government pays great interest to the industrial and export sectors, and is working to provide more facilities and incentives that would advance these sectors.
These sectors are essential to achieving economic goals, Madbouly added, pointing out that the recent meetings held to formulate a clear program to stimulate Egyptian exports.
Berzi said that previous meetings, which brought together several officials of the export councils, led to a set of proposals for the export stimulus program. Also, they discussed the restoration of export subsidies, leading to an integrated vision on the proposed new program in this regard.
Berzi touched on the proposals for supporting the Egyptian export sector during the period from 2023 to 2025. He pointed out that work is being done to speed up the disbursement of export subsidies within a period not exceeding 3 months from the date of submitting the documents related to each.
Tawfik explained that export support is one of the tools, but there are many other tools and mechanisms that would increase the volume of exports.
According to him this includes, supporting and motivating large exporting companies, and working to overcome any obstacles that may face the work of these companies, and facilitating their procedures.
Tawfik stressed the importance of speedy customs release of goods, and the availability of more facilities in this regard, especially production requirements, in a way that contributes to supporting the industry and export sector.
He emphasised the importance of targeting industries and sectors in which Egypt has a competitive advantage, and communicating and negotiating with major global manufacturers in those sectors. This aims to localise and deepen these industries, pointing out that "building confidence" is the key for attracting more domestic and foreign investments.


Clic here to read the story from its source.