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News

Under the patronage of the Prime Minister and in the presence of the Minister of Trade and Industry and a number of ministers, Eng. /Essam Al-Naggar Chairman of GOEIC participate in the launch of the activities of the 10th of economic news conference entitled "The Egyptian Economy- Challenges and Priorities."

Eng. / Essam Al-Naggar Chairman of the General organization for Export and Import Control confirmed in his speech at the 10th of Akhbar Al-Youm Economic Conference that Egyptian exports achieved a boom during the past year and This with the cooperation between all concerned parties, amounting to 35.631 billion dollars, which is an achievement in light of the unprecedented challenges that the region is currently going through, as various export sectors have witnessed a major renaissance.

The Chairman of the General organization for Export and Import Control added during his speech at the 10th of economic news conference, the first session entitled "Industrial Investment and Export, Time to start" that, Monthly statements are prepared and submitted to the Minister of Trade and Industry including the achievements achieved as well as the problems that some sectors suffer from in order to work on solving them.

He explained that the building materials sector’s exports exceeded 8 billion dollars for the first time due to the export boom in the iron, steel and cement sectors, The chemical and fertilizer industries sector came in second place but it is expected to continue its boom during the current year, In third place was the food sector which reached 5 billion dollars while fourth place went to the engineering industries sector with a value of 4 billion dollars.

Eng. / Essam Al-Naggar confirmed that Turkey was Egypt's largest trading partner during the past year followed by Saudi Arabia, Italy, the Emirates, and the United States of America.

152 investment opportunities were announced to the business community during the last period and the Commercial Representation Authority provides all the data and information required for exporters to open new markets for their products.

He explained that Africa is the biggest challenge for Egyptian investors, and the Ministry of Trade and Industry will strengthen this trend during the coming period to increase the rates of trade exchange and the volume of Egyptian exports to the countries of the continent.

date of publication : Sun,18 Feb 2024 11:46 am
Last updated: Sun,18 Feb 2024 11:46 am
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