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Industry, environment ministers discuss topics of mutual interest
23 August 2022  -  Sector :  -  Entity :  -  Category : Industry News

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The meeting has explored issues of common concern and preparations for the upcoming COP27.

Cairo- Aug 23, 2022

Minister of Trade and Industry Ahmed Samir have met with Minister of Environment Yasmine Fouad to explore issues of common concern, as well as the latest preparations for the upcoming COP27 to be held in Sharm el-Sheikh in November.

Fouad, who meets Samir for the first time since taking office, lauded the fruitful cooperation between the two ministries over the last years, especially related to streamlining procedures for licensing and fulfilling environmental requirements in industrial facilities.

The meeting discussed the Egyptian Pollution Abatement Project (EPAP) III easing pollution loads generated by Egyptian industries and providing soft loans to eco-friendly industrial projects at a 3.5% interest rate, in addition to the national strategy to reduce single-use plastic bags.

“We are keen on deepening cooperation with the Ministry of Environment to achieve compatibility between MTI’s plans for inclusive and sustainable development, and the environmental standards required in factories,” Samir said, for his part.

He added that Egypt’s hosting of the next climate conference is a good opportunity to demonstrate the state’s green transition efforts in its production and service sectors, highlighting the key role played by the local industry and private sector in this summit.

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