Egypt commits to $100b export target

By Aya El Sayed On Jul 9, 2024

The newly formed Egyptian Ministry of Investment and Foreign Trade, under the leadership of Hassan El-Khatib, in its maiden meeting on Tuesday. Credit: the Egyptian Cabinet,

The newly-formed Egyptian Ministry of Investment and Foreign Trade, under the leadership of Hassan El-Khatib, announced in its maiden meeting on Tuesday its commitment to the strategic goal of boosting Egyptian merchandise exports to $100 billion annually.

The ministry aims to achieve its target by promoting export-oriented investments, enhancing product competitiveness in global markets, and exploring new markets, El-Khatib affirmed.

Furthermore, the ministry plans to leverage existing free and preferential trade agreements and utilise Egyptian commercial offices abroad to achieve these targets.

Attribution: The Egyptian Cabinet.