As we speak, President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Funding and International Commerce, Eng. Hassan El-Khatib.
The Spokesman for the Presidency mentioned the assembly mentioned a spread of matters, with a concentrate on the event of the overseas commerce system by facilitating procedures, decreasing prices, and shortening the customs clearance time. It additionally touched on localizing the trade, defending home manufacturing via using commerce instruments and World Commerce Group’s (WTO) requirements, and taking full benefit of the industrial illustration system and places of work. The assembly additionally tackled growing the file of non-tax monetary burdens and unifying the entities coping with and accumulating charges from buyers.
Moreover, the discussions reviewed the investments and initiatives of the Sovereign Fund of Egypt, in addition to the Fund’s efforts to draw extra investments and maximize the return from the belongings it manages. The function of the Fund in varied sectors was additionally tackled.
President El-Sisi gave directives to proceed efforts towards bettering the funding local weather and addressing the structural challenges affecting Egypt’s economic system.
The President emphasised the need to cut back procedural and non-tax monetary burdens, which might contribute to enhancing Egypt’s place as a regional hub for attracting overseas direct funding consistent with the nationwide priorities.
President El-Sisi additionally affirmed the significance of opening new markets for Egyptian exports, rising the share of the native part in all exports, and establishing Egypt as a key hub for provide chains on the international and regional ranges.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.