Cairo: Minister of Investment and Foreign Trade Hassan el-Khatib affirmed that over the past years Egypt has built a solid foundation for a more competitive economy adopting trade policies focused on greater openness to global markets.

According to State Information Service Egypt, the statement came during Khatib's participation in the 'Lynx Consulting Forum' titled 'From Policy to Practice: Deepening Trade Integration Between Egypt and Africa.' The minister elaborated on the government's economic policies aimed at achieving stability and transparency to empower investors, highlighting key accomplishments such as reducing inflation to about 11.6% in June 2025, boosting foreign reserves to $50 billion, and achieving a net foreign asset surplus exceeding $10 billion.

Khatib also emphasized reforms in trade policy that have successfully reduced the time and cost of customs clearance by 65%, with future plans to reach a reduction of 90%. Additionally, the removal of many non-tariff barriers has saved the Egyptian economy more than $1.5 billion this year.