Minister of Investment and Foreign Trade Hassan El-Khatib
said the agreement aims to establish a unified global framework to make the
investment environment more transparent and efficient. He explained that it
seeks to promote the flow of foreign investments among WTO member states,
enhance transparency and data availability, and simplify and accelerate
administrative procedures.
He added that the agreement promotes sustainable investment
and provides additional contact points to respond to investor inquiries and
facilitate access to information from relevant authorities. It also ensures
consistency with domestic legislation and strengthens coordination among
competent entities. He noted that the agreement sends a strong signal of
reassurance to investors by guaranteeing minimum standards that help reduce
investment costs and create a more investor-friendly environment.
The minister emphasized that transparency, stability, and
predictability are key determinants influencing investment decisions in any
country.
El-Khatib stated that Egypt’s accession to the agreement
will help boost international investor confidence in the Egyptian market. He
added that it ensures a transparent, stable, and predictable business climate
and sends a positive message to global markets that Egypt is steadily moving
toward a more competitive and attractive investment environment.
The minister noted that the agreement will also strengthen
Egypt’s regional competitiveness in attracting new investments. It opens new
channels for international cooperation that enable knowledge exchange, capacity
building, and access to technical and financial support through international
financial institutions. He stressed that this step aligns with ongoing
investment sector reforms and the directives of the political leadership,
reinforcing the credibility of Egypt’s reform agenda among international
partners.