Sisi Urges more Efforts to Rationalize Imports, Increase ExportsSource: www.export-egypt.com 6/28/2016, Location: Africa |
|
|
|
|
 President Abdel Fattah El Sisi urged more measures to rationalize imports and increase exports.
At a meeting with Prime Minister Sherif Ismail and Trade and Industry Minister Tarek Kabil, Sisi called for supporting local products and the Egyptian industry, which will contribute to providing more job opportunities and upgrading the quality of industry. During the meeting with the President, the trade and industry minister reviewed the ministry’s efforts in the file of foreign trade and industry development, especially in terms of rationalizing imports and increasing exports as a national goal sought by the State, presidential spokesman Alaa Youssef said. The imports decreased by 4.52 billion dollars during the period from January to April 2016 while the exports increased by 260 million dollars during the period from January to May 2016, Kabil said, adding that the Egyptian exports successively increased during the past four months after a decline for 15 months. The Minister pointed to a campaign to promote the Egyptian products, which is aimed to encourage citizens to buy the local products in support for the national industry and economy. Also, the minister reviewed ongoing efforts to establish a furniture city in Damietta and a leather city in Roubiki, according to the presidential spokesman. "A company to manage the furniture city has been incorporated as well as a technology center to prepare marketing studies for the furniture manufacturers," the minister pointed out. "The first stage of Roubiki Leather City will be completed in July," he said, adding that the city will have positive impact at the environmental, social and economic levels as all tanneries will be relocated from Old Cairo to the new city. The meeting also took up a strategy to develop the auto industry and its feeding industries and reviewed the gains that will be achieved from the expansion in making auto components. The President has ordered to complete all necessary studies in this regard, the spokesman said. The industry minister also presented a timetable to provide lands to establish industrial zones. A one million square meter land has been offered in the industrial zone in Badr city. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |
