Egypt vows to increase exports to $100 billion

Special Egypt vows to increase exports to $100 billion
Egypt aims to increase its exports — especially to EU, African and Arab markets — to $100 billion, through the implementation of a strategic plan. (Shutterstock)
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Updated 20 March 2021

Egypt vows to increase exports to $100 billion

Egypt vows to increase exports to $100 billion
  • Efforts are being made to facilitate logistical transport to African markets

CAIRO: Egypt’s Minister of Trade and Industry Neveen Gamea on Saturday said that Egypt aims to increase its exports — especially to EU, African and Arab markets — to $100 billion, through the implementation of a strategic plan.

The minister said Cairo will soon implement a new program aimed at boosting national industries, developing the exports of small enterprises and supporting land, sea and air freight for exports.

Gamea said all the procedures for imports and exports are currently being automated under the supervision of regulatory authorities, adding that efforts were being made to facilitate logistical transport to African markets. 

She said that work on the Cape to Cairo Road project, completed in Egypt and in some parts of Africa, was in full swing.

Gamea explained that the axes of the export development strategy include: Raising the competitiveness of Egyptian industry; providing information and studies on markets; launching programs and tools to guarantee exports and maximize profits; and benefiting from free-trade agreements signed between Egypt and other countries, as well as regional and global economic blocs.