Arab Republic of Egypt Ministry of Investment and Foreign Trade General Organization for Export and Import Control

Yesterday evening at the government premises in New Alamein City, Dr. Mostafa Madbouly, the Prime Minister, held a meeting with Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, to follow up on efforts for developing the customs release system, as well as the outcomes of the minister's recent visit to Japan.

The Prime Minister stated that the government continues its strenuous efforts to remove obstacles and burdens that may hinder the trade, and facilitates procedures in line with the International Standards along with enhancing the smooth flow of goods.

During the meeting, the Minister of Investment and Foreign Trade displayed a number of measures the ministry adopts to facilitate to the investors and streamline the movement of Egypt's Foreign Trade by developing the customs release system and improving the efficiency of work at the customs ports. He emphasized the importance of depending upon digitalization to facilitate trade and investment operations.

The Minister also indicated that the Ministry of Investment and Foreign Trade cooperates with a number of concerned ministries and authorities, on a set of economic, trade, and investment reforms scheduled to be finalized before next September. These reforms will attract more foreign investment and contribute to increasing the competitiveness of Egyptian exports.

Al-Khatib reviewed outcomes of cooperation with the Ministry of Finance to speed up customs release processes by implementing a significant set of measures to improve the efficiency of supply chains and facilitate trade movement.

The Minister also presented the results of his recent visit to Japan, indicating that during this visit he met a number of pioneer Japanese companies working in fields of engineering technology, glass, automotive, electronics, household appliances, and industrial development and research.

In such regard, the Minister of Investment and Foreign Trade demonstrated that he offered these companies investment opportunities and projects in the fields of infrastructure, industry, housing, and transportation. He also reviewed the prospects for investment cooperation with the Japan Investment Fund on infrastructure projects in Egypt and Africa.