The Prime Minister stressed the government’s commitment to
achieving a qualitative leap in Egyptian exports. He explained that allocations
for the Export Subsidy Rebate Program were doubled this year to encourage
investors to expand their exports. He highlighted that the new program has
already been activated and is being monitored on a regular basis.
Madbouly reviewed recent government measures aimed at
facilitating customs clearance procedures and providing various incentives. He
affirmed that the Egyptian state is capable of meeting its targets and doubling
exports.
The heads and officials of the export councils praised the
efforts of the Prime Minister and the Ministers of Finance and Investment. They
confirmed that the new program was developed through consensus between
investors exporters and the government and that all parties are working
together to achieve the state’s objective of doubling exports.
The export councils highlighted that recent figures indicate
a strong surge in exports and confirmed full cooperation with the ministers and
the relevant ministries. They also presented their proposals to further boost
exports in the coming period and outlined growth rates achieved across
different sectors.
The attendees reviewed several observations and challenges
that are being addressed with the concerned authorities to ensure export
targets are met.
The Minister of Finance presented a report on the amounts
disbursed and currently being disbursed under the Export Subsidy Rebate
Program. He stated that total disbursements during 2024/2025 and 2025/2026
reached EGP 19.3 billion while an additional EGP 3 billion is currently being
processed. He also outlined the mechanisms for settling overdue receivables.
The Minister of Investment and Foreign Trade explained the
incentive and facilitation measures being implemented including steps related
to customs clearance times and the electronic document system. He welcomed all
proposals submitted by exporters and confirmed that the government will work on
them to achieve shared goals.
The Prime Minister reaffirmed his belief that doubling
exports is one of the most critical priorities for Egypt’s future. He requested
a periodic follow up report on the implementation of the new Export Subsidy
Rebate Program. He concluded by stressing that exporters serve as Egypt’s
ambassadors and that their views and impressions play a vital role in
encouraging foreign investors to enter the Egyptian market.