The Export Development Fund of Egypt, led by Hatem El-Nawawi, recently held a meeting with heads and representatives of export councils to discuss the new export support program. The program aims to enhance the competitiveness of Egyptian exports, simplify procedures for companies, and reduce their burdens. This meeting is part of the implementation of President Abdel Fattah El-Sisi's directives and recommendations from the Egypt 2026 forum.
The meeting is a continuation of the societal dialogue approach adopted by the Ministry of Investment and Foreign Trade with the business community. The discussions focused on the axes of the new export support program and its implementation mechanisms. The program is expected to be presented to the Prime Minister for approval. The Egypt 2026 forum had suggested developing the export rebate program to help companies and enhance the competitiveness of Egyptian products.
The new program is a follow-up to the consultations conducted by the Export Development Fund with representatives of the business community, including meetings with the 12 export councils and the Egyptian Chamber of Commerce. These meetings aimed to discuss ideas, proposals, and challenges facing exporters. The goal is to develop new mechanisms and programs that enhance the competitiveness of Egyptian exports and maximize the use of opportunities in foreign markets.
The meeting witnessed a consensus and welcome from the attendees for the new program, which will be presented for dialogue with export councils before its approval. This ensures that the program reflects the needs of various sectors, enhances the effectiveness of the rebate system, and encourages companies to increase production and expand the base of exporters. The heads and representatives of export councils emphasized that the program represents an important step towards enhancing partnership between the government and the private sector.
They stressed the importance of directing support to achieve a tangible impact on export growth and increase the added value to the national economy. El-Nawawi confirmed that discussing the program with export councils before its approval reflects the ministry's keenness to build support policies in partnership with the exporter community. He also emphasized the fund's keenness to enhance communication and coordination with councils and listen to their proposals and observations.
The new program comes in support of the Egyptian government's efforts and the objectives of the Ministry of Investment and Foreign Trade to provide all necessary means to increase Egyptian exports. El-Nawawi confirmed that consultations will continue with representatives of the exporter community to ensure the development of export support mechanisms based on the nature of each sector. This aims to increase added value, open new markets for Egyptian products, and enhance the contribution of the private sector to achieving the state's export goals.
Key stakeholders are optimistic that the new program will enhance the competitiveness of Egyptian exports and encourage private investments in productive sectors with export potential. The Export Development Fund's efforts are seen as crucial in supporting Egypt's economic growth and development objectives.
Key points
- The program aims to enhance the competitiveness of Egyptian exports and simplify procedures for companies.
- The meeting is part of the implementation of President Abdel Fattah El-Sisi's directives and recommendations from the Egypt 2026 forum.
- The program is expected to be presented to the Prime Minister for approval.
