Cairo: Prime Minister Mostafa Madbouli stated that the State is actively working to eliminate any barriers to increasing exports.
According to State Information Service Egypt, Madbouli’s comments came during a meeting with the Advisory Committee for Export Development, where discussions centered on the textile and readymade garment industry, agriculture, and health sectors. Present at the meeting were Minister of Industry and Transport Kamel El-Wazir, Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, Minister of Agriculture and Land Reclamation Alaa Farouk, Minister of Investment and Foreign Trade Hassan El-Khatib, Head of the Egyptian Drug Authority Ali Al-Ghamrawy, and Khaled Salah, Director of the Engineering Department of “Future of Egypt” Authority for Sustainable Development.
The meeting explored proposals to advance the textile and ready-made clothing industry, highlighting Egypt’s strategic location and its numerous free trade agreements as significant opport
unities for boosting exports. An ambitious plan was discussed to increase ready-made garment exports to USD 11.5 billion over the next six years. This includes providing 5.5 million square meters of industrial land between Faiyum and Qena to create job opportunities in Upper Egypt, and cataloging unused public sector assets for potential leasing to investors.
The committee also proposed raising the rate of tax rebates on textile and garment exports under the export burden reimbursement program. Additionally, they considered strategies to expand exports of pharmaceuticals, medical devices, nutritional supplements, and other health-related products.
Recognizing Egypt’s pivotal role in the African and Middle Eastern medical and pharmaceutical markets, the committee recommended expanding Egyptian medical exports and improving their competitiveness globally. They suggested establishing a fair pricing system, launching new production lines for modern medicines, and opening new investment ventures in global market
s.
Emphasizing the importance of technology transfer, the committee highlighted the need to enhance local added value in the pharmaceutical industry, providing technical knowledge, training, and expertise to local drug companies for sustainable investment.
In the agricultural sector, the committee noted fewer challenges compared to other industrial sectors and proposed allocating 300,000-500,000 feddans to the private sector for reclamation and cultivation within three years. They also suggested strengthening EgyptAir Cargo’s air freight services to boost agricultural exports and simplifying processes for setting up sorting, filling stations, and refrigeration facilities in the Nile Delta through a single-window system.
The committee further called for addressing bureaucratic issues impeding the operation of factories and production facilities and expanding the network of commercial representation offices.