To achieve this objective, a recent meeting took place, attended by leaders and representatives of export councils.
Prime Minister, Mostafa Madbouly, stressed Egypt’s keenness to provide the necessary support to Egyptian manufacturers and exporters, by overcoming the various obstacles to boosting and increasing Egyptian exports, according to a statement released by the Cabinet.
To achieve this objective, a recent meeting took place, attended by leaders and representatives of export councils.
The purpose was to advance endeavors aimed at boosting export figures across multiple productive sectors. Additionally, the meeting focused on strategies to strengthen local industries, leading to increased export rates and increasing the revenue generated from exports in dollars.
The Prime Minister emphasized the importance of closely monitoring market dynamics and ensuring the availability of goods to the citizens.
This commitment aligns with the recent decisions and measures taken by the government in collaboration with relevant authorities to lower prices and maintain a steady supply of goods in local markets.
Recently in April, Minister of Finance, Mohamed Maait, confirmed that Egypt has released imported goods valued at more than $8 billion since March 2024.
Madbouly revealed in March, an initiative to slash goods prices by 15% and 20% in cooperation with traders and manufacturers within 48 hours.
Subsequently, the decline will continue to escalate in the following days, ultimately reaching a reduction of 30% after the conclusion of Eid Al-Fitr.
