Friday, April 23, 2021

The participation of a group of export councils in the meeting of the expert committee to double exports to Africa tomorrow

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A group of export councils that achieved a growth in their exports to Africa during 2019, such as the Building Materials Export Council tomorrow, will participate in the meetings of the expert committee concerned with developing a comprehensive action and strategy plan to double Egypt’s exports to African countries by 2025, and the Chemical Industries and Fertilizer Export Council headed by Khaled Abu Al-Makarem also participates. In the meetings.

Khaled Abu Al-Makarem, Chairman of the Export Council, said that this comes within the framework of the trend to strengthen cooperation relations with African countries and in implementation of the directives and mandates of the President of the Republic to form a committee headed by the Minister of Planning and the membership of the Ministers of Agriculture, Trade and Finance, the Public Business and Transport Sector, the President of the Federation of Industries and Justice, the Head of the Information and Decision Support Center and the Director General The National Service Projects Organization and the representative of the competent Export Council, whose task is to study and develop a comprehensive strategic and action plan to double Egypt’s exports to African countries by 2025.

The first meeting of the committee at the expert level was held at the end of last March in preparation for presenting the results of its work to the ministers and members of the committee.

Abul-Makarem explained that the meeting resulted in the exit of a number of recommendations, the most important of which was the invitation of the export councils that achieved the highest export numbers to the African continent during 2019 to participate in the upcoming meetings of the expert committee scheduled for tomorrow, Tuesday.

Accordingly, the Chemical and Fertilizers Export Council was invited to participate in the meetings, in order to complete the committee’s work in developing the strategy to be implemented in this framework.

Ahmed Abdel-Fattah, Acting Executive Director of the Building Materials and Metal Industries Export Council, said that the council will participate in the committee’s meeting tomorrow and present its proposals to develop its exports to this market.

He explained that Africa is a promising market for the Council’s exports and is expected to witness growth in the coming years, especially with the state’s tendencies towards developing joint relations with African countries as it is the geographical extension in front of the Egyptian product.

He pointed out that the COMESA agreement gives a competitive advantage to the Egyptian product, as well as anticipating exports to activate the African Free Trade Agreement, which will have a good effect on developing exports to this market.

The article, the participation of a group of export councils in the expert committee meeting to double exports to Africa tomorrow, was written in the Stock Exchange newspaper.

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