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FINANCIAL NEWS
Egypt to grow exports to USD30bn
14 Nov 2016
(MENAFN) Egypt aims to implement the industry stimulation plan from 2016 to 2020, which includes 5 aspects: deepening industry, industrial and SMEs development and others.
Accordingly, the country is working to link the trade balance gap, estimated at USD49bn, among increasing exports to USD30bn annually, compared to the recent USD22bn.
In addition, the measures will make 3mn jobs, while the import of goods cannot be prevented entirely because Egypt is committed to trade deals.
The increasing customs on some goods does not aim to hinder trade but rather adjust the balance of payments in coordination with the Central Bank of Egypt.
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