Minister of Trade and Industry reviews the achievements of Egypt's foreign trade during 2022

Publish Date 29/12/2022 01:30 PM
Last Update 01/01/2023 01:10 PM

Eng. Ahmed Samir: 11% increase in Egypt's merchandise exports during the first 11 months of 2022, projections of $35 billion in exports by the end of the year.

Disbursement of 16.7 billion pounds to exporting companies under the Export Burden Recovery Program.

103 thousand and 392 foods, chemical and industrial messages were examined by GOEIC.

Implementation of 89 training programs for 2424 trainees in export, import and international marketing.

Commercial offices succeed in providing 1090 export opportunities with an estimated value of $1.9 billion.

Launching the first trade deal to export Egyptian food products to Ghana within the framework of the African Continental Free Trade Agreement.

Eng. Ahmed Samir, Minister of Commerce and Industry, announced that Egypt's exports succeeded in the first 11 months of 2022 in achieving positive indicators by an increase of 11%, with exports totaling about 32 billion and 575 million dollars compared to 29 billion and 405 million dollars during the same period in 2021 and a difference of 3 billion and 170 million dollars.  total exports by the end of 2022 are expected to reach about $35 billion.

The Minister said that these positive indicators reflect the ability of the Egyptian export sectors to deal with the current global economic challenges resulting from the negative repercussions of the Russian-Ukrainian crisis and the coronavirus pandemic Stating that the success of the State in implementing export reimbursement programs has contributed to maintaining the competitiveness of Egyptian products in various foreign markets, 16.7 billion pounds was disbursed to exporting companies during 2022.

Samir explained that the Ministry aims to raise the Egyptian export rates for various regional and international markets and to maximize the benefit of the network of preferential free trade agreements signed with a large number of countries and major economic conglomerates in the world within the framework of the current directions of the Egyptian state by increasing Egyptian exports to $100 billion annually The Ministry will promote the use of the African Continental Free Trade Agreement to increase Egyptian exports of African countries' markets to $15 billion over the coming years by adopting selected packages of markets and products that enjoy the acceptance and competitive advantages of these markets.

In this context, the Minister noted Egypt's desire to operationalize the African Continental Free Trade Agreement (AFCFTA), under which it began operating from the beginning of 2021. Egypt has made great efforts to achieve African integration and promote trade among the countries of the continent through the entry into force of this Agreement under Egypt's chairmanship of the African Union in 2019.

Samir said that Egypt's chairmanship of the meetings of the 43 ministerial council of countries of the Common Market for Eastern and Southern Africa (COMESA) in Zambia in December was a confirmation of the Egyptian State's desire to achieve regional economic integration among the countries of the continent.

For the Egyptian Foreign Trade Harvest in 2022, click here....

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