Monday, April 12, 2021

“Expolink” is organizing 4 rounds of the “export incubator” this year

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The Egyptian Exporters Association – Expolink announced the organization of 4 new courses of the “export incubator” program to enable non-exporters and new businessmen to export, which is being held in partnership with the Foreign Trade Training Center (FTTC) of the Ministry of Trade and Industry, and the Federation of Egyptian Industries, from March to November 2021.

The association celebrated the graduation of the first batch of the export incubator program, which included 15 companies and factories, and started it since last October.

Eng. Khaled Al-Miqati, president of the association, said that the export incubator program is the first step to achieving the plan launched by President Abdel Fattah El-Sisi to double exports by $ 100 billion within 4 years and implement the Ministry of Trade and Industry’s strategy to develop exports and create a new generation of exporters.

The association aims to rehabilitate more than 50 new companies in the field of export, and to continue the tripartite cooperation in communicating with graduates in the first batch whenever a real export opportunity becomes available and to support them in opening new markets in a manner that achieves integration with services and marketing programs.

Al-Miqati referred to the agreement to direct part of the export incubator program to African countries, in cooperation with the Ministry of Foreign Affairs, with the aim of developing Egyptian exports in the African continent.

Al-Miqati directed the necessity to provide services to companies and factories at distinct prices, including the service of creating websites for companies, the electronic catalog, and social media and marketing services, which the first graduates will obtain supported by a discount of up to 75% of their costs, in a way that contributes to supporting Egyptian companies and factories in the search for opportunities and access to New markets.

Major General Hafez Mahmoud Hassan, Assistant Minister of Trade and Industry for Financial and Administrative Affairs and Information Technology and Supervisor of the Foreign Trade Training Center, said that the scientific approach to export puts Egypt in the path of superpowers and serves the export development strategy.

Dr. Khaled Abdel Azim, Executive Director of the Federation of Egyptian Industries, explained that “Expolink” deals with the other dimension of the export process by providing the information that companies need to take advantage of export opportunities and access various markets to bring about a real development of national exports.

Kamel Salem, Director of the Export Incubator Program, said that qualifying new exporters will make companies able to increase their exports as well as have sufficient knowledge of all trade agreements that provide a competitive advantage for the Egyptian product in global markets.

Kamel told Al-Borsa that the training programs allow the trainee to market and introduce Egyptian companies and how to exploit export opportunities abroad and benefit from the changes that have occurred recently on the global arena.

Mustafa Al-Hateeni, Director of Training Department at the Foreign Trade Training Center FTTC, affiliated to the Ministry of Trade and Industry, said that about 15 companies and factories have passed scientific and practical training through the export incubator program.

The program deals with developing an export strategy and international marketing, preparing a full study of target markets and how to access them, commercial agreements, introducing international trade terms and customs procedures, as well as means of payment and collection.

The article “Expolink” organizes 4 sessions of the “export incubator” this year, it was written in the Stock Exchange newspaper.

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