As the largest importer of non-oil commodities from Egypt, the US imported a total of 8.6% of Egypt’s exports worth $665.1 million in Q3 2021
El-Sayed expects higher climbs of around 40-50%, if some factors are taken into consideration
The zone is currently putting the final touches to activate these services and studying related offers
Implemented in collaboration with the banking system and participating banks, the initiative allows instant and cash repayment of the entirety of export companies’ arrears from the Export Development Fund at a discount of 15%
The agency’s previous report noted that the country’s trade balance deficit fell 22.5% in September 2021
