During his participation in the second edition of the “Cairo Forum” on behalf of Minister of Investment and Foreign Trade Hassan Al-Khatib, Engineer Mohamed El-Gosqy, Assistant Minister of Investment and Foreign Trade for Planning, Development, and Digital Transformation, emphasized that Egypt is leveraging emerging global economic opportunities to strengthen its presence in international investment and trade, particularly amid the transition beyond traditional economic models. His remarks were delivered during a session titled “International Trade Policy in a Highly Disrupted World: Threats to Predictability and the Need for Stability in Investment Decisions,” organized by the Egyptian Center for Economic Studies. n nEl-Gosqy stressed Egypt’s commitment to multilateral cooperation and collective solutions, despite diminishing international collaboration due to ongoing crises and geopolitical tensions. He affirmed Cairo’s support for reforming global economic rules to ensure fairness and competitiveness. n nHe explained that in response to global economic disruptions, Egypt has implemented a comprehensive economic reform program accompanied by wide-ranging structural and procedural changes that have improved key economic indicators. For instance, customs clearance time has been reduced from 16 days at the beginning of the year to 5.8 days, saving approximately USD 1.5 billion in delay-related costs. n nThe Ministry has also finalized Egypt’s first comprehensive trade policy document, built on six core pillars: reducing the trade deficit by boosting exports and deepening local manufacturing; integrating investment with trade for inclusive growth; attracting high-value-added investments to position Egypt as a regional hub for industry and exports; protecting domestic industries through fair trade mechanisms aligned with World Trade Organization rules; enhancing exports via targeted market strategies and a redesigned export support program focused on high-value goods; and facilitating trade and improving competitiveness through structural and legislative reforms that reduce the time and cost of customs and logistics procedures. n nEl-Gosqy added that Egypt will continue its reform trajectory to enhance its competitive edge and solidify its role in the evolving global economic landscape, while deepening regional and international partnerships to support sustainable economic growth and development goals. n— news from بوابة روز اليوسفnn
— News Original —Assistant Minister of Investment: Egypt Has Worked on Implementing Comprehensive Economic ReformDuring his participation in the second edition of the “Cairo Forum” on behalf of Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, Engineer Mohamed El-Gosqy, Assistant Minister of Investment and Foreign Trade for Planning, Development, and Digital Transformation, affirmed that Egypt is working to leverage opportunities emerging amid global economic challenges to strengthen its presence on the international investment and trade map in the post-traditional economic system era. This was stated during a session titled “International Trade Policy in a Highly Disrupted World: Threats to Predictability and the Necessity of Stability for Investment Decisions,” organized by the Egyptian Center for Economic Studies at the “Cairo Forum.” n nEl-Gosqy pointed to Egypt’s belief in the importance of multilateral cooperation and collective solutions despite the decline in international collaboration due to successive crises and geopolitical conflicts, affirming Cairo’s support for reforming the rules and policies of the global economy to ensure justice and competitiveness. n nHe clarified that in light of global economic disruptions, Egypt has worked on implementing a comprehensive economic reform accompanied by broad structural and procedural changes that improved economic indicators; customs clearance time was reduced from 16 days at the beginning of the year to 5.8 days, saving about USD 1.5 billion in delay costs. n nThe ministry has also completed the preparation of Egypt’s first comprehensive trade policy document, based on six main pillars: reducing the trade deficit by maximizing exports and deepening local industry, linking investment with trade within an integrated growth framework, attracting high-value-added investments to enhance Egypt’s role as a regional center for industry and exports, protecting the local industry through fair trade mechanisms consistent with World Trade Organization rules, enhancing exports through targeted marketing strategies and a redesigned export support program for high-value goods, and finally facilitating trade and enhancing competitiveness through structural and legislative reforms that reduce the time and cost of customs and logistical procedures. n nEl-Gosqy added that Egypt will continue its reform path to increase its competitive capabilities and strengthen its position in the new global economic system, deepening cooperation at the regional and international levels to support economic growth and sustainable development goals.