Egypt aims
to increase its exports to reach $100 billion by
opening new markets in Europe, Africa and the Arab world,
Gamea says.
Cairo-
Mar 19, 2021
Minister of
Trade and Industry Nevine Gamea has met with a delegation of the International
Monetary Fund (IMF) Mission to Egypt headed by Celine Alao, via video conference, to
review the country’s efforts to increase exports and establish industrial
complexes.
Gameastressed Egypt's keenness to
remove all obstacles hindering its exports, through the automation of import, export
and customs clearance procedures, facilitation of logistics to African markets,
as well as the establishment of a $600 million venture capital firm to
guarantee the risks of exports.
She noted that work is underway on
the Cairo-Cape Town road project, which would facilitate the movement of goods
between Egypt and various African nations.
“Egypt aims to increase its exports to reach $100 billion by adopting
a strategic plan to open new markets, especially in Europe, Africa and the
Arab world,” the minister noted.
The government, she added, is implementing a new
export support program aimed at deepening the national industry, developing SME
exports and supporting land, sea and air freight for local shipments.
Regarding efforts to build
equipped industrial complexes, Gamea pointed out that 13 new industrial complexes
are being completed in a number of governorates, especially in Upper Egypt,
where seven parks have already been delivered.