Export councils eye building 12 logistics centres to enhance Egypt’s exports

Egyptian Export Council of Medical Industries is currently conducting financial and technical studies necessary for establishing around 12 logistics centres to facilitate state’s exports to a number of markets.

Speaking to Amwal Al Ghad Tuesday, Council’s Chairman Maged George stated that those studies are being conducted in coordination with all export councils and state’s trade and industry ministry.

He added that the council also developing a number of plans to enhance Egyptian exports in general and exports of pharmaceuticals sector particularly.

Among the plans, the council studies establishing holding company that focuses on building pharmaceuticals plants inside Egypt or participating in Egyptian factories working outside.

The chairman noted that those suggestions come as pursuant to the obstacles facing Egyptian medicine sector.

He asserted that Egyptian pharmaceutical products have the potential to enter foreign markets.

According to the latest report of General Organization For Export and Import Control, Egyptian non-petroleum exports hiked during the first five months of 2016 to US$8.5 billion from US$8.2 billion at the same period of 2015, marking 4 percent increase.

The Egyptian government discusses mechanisms of facilitating Egyptian exports movement, upgrading exports competitiveness, and making use of the trade agreements signed with African states.