Egypt adopts clear vision regarding enhancing economic ties with Africa

Egypt adopts clear vision regarding enhancing economic ties with African countries, that focuses on commercial and industrial partnerships, Minister of Trade Amr Nassar.

He made these remarks came while addressing the third session of annual meetings of the African Caucus for the World Bank (WB) and the International Monetary Fund (IMF) which kicked off on Sunday in the Red Sea resort city of Sharm El Sheikh under the theme “Lessons learned from export support and diversification”.

He further noted that Egypt has been one of the leading manufacturers and exporters in Africa since the 1940’s.

The session, held under the patronage of Prime Minister Moustafa Madbouli, was attended by Chairman of the Federation of Egyptian Industries Mohammed Al-Suwaidi, Rwandan Minister of Finance and Economic Planning Uzziel Ndagijimana and Chairman of Oxford International Consultants Nikhil Treebhoohun, among other regional and international representatives.

Over the past few years, Egypt has witnessed a remarkable growth thanks to the measures taken by the government to improve the business environment and facilitate trade licensing, Nassar told the audience.

The session took up several issues including the role of export councils in the enhancement of Egyptian exports and opening new markets especially in African countries, the minister added.

Nassar noted that the government seeks to make the optimum use of trade deals concluded with African states, underlining the government plans to market competitive products in more than 10 African countries.