Global Arab Network | Egypt - Package of incentives to increase the exports to USD 36 billion

Translate this article to your language:

GANPublications

e-Publications

Add Site to Favorites

Add Page to Favorites

Make Homepage

Share This Page

RSS Feed

--------------------------------------------------------------------------------------------------------------------
| |

Egypt - Package of incentives to increase the exports to USD 36 billion

Global Arab Network - - Gamal Ragay

Monday, 26 April 2010 13:28

The Egyptian Ministry of Trade and Industry will apply a package of rules and incentives as part of a national strategy to increase the volume of exports to 200 billion pounds (USD 36.0588 billion) until 2013.

Minister of Trade and Industry Rasheed Mohamed Rasheed said the new measures will be put into force as of May.

He said the new measures include a new system that will depend on the use of local components to encourage local production and use local materials especially in the ready to wear clothes.

He said 30 exporting sectors depending mainly on local components will be chosen to benefit from the support extended.

Minister of Trade and Industry Rasheed Mohamed Rasheed issued a decision forming a steering committee for logistic services necessary for trade and industry with the aim of ramping up the efficiency of services and modernizing them.

The committee will propose plans and policies necessary to improve logistic infrastructure for trade to support Egypt’s exporting competitiveness in markets abroad.

The committee will coordinate with the ministries and quarters concerned on drafting its policies and plans needed for trade, industry and transport.

The committee will work to facilitate the delivery of Egypt’s exported goods to European and world ports.

Global Arab Network

< Prev		Next >

Add comment

The opinions of the authors in articles published are theirs alone and do not necessarily reflect the views of Global Arab Network
------------------------------------------------------------------------------
Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network