Additionally, the government supports locally manufactured goods that can compete with foreign products in terms of quality and price. Chief among these challenges is the persistent scarcity of certain essential raw materials required for production in the market. Despite the availability of currency, importing raw materials still poses numerous obstacles due to the absence of the final product in the local market. Aboulmakarem advocates for streamlining the import process for raw materials and promoting the establishment of factories dedicated to producing these materials. Additionally, he stressed the urgency of expediting export support procedures and ensuring timely disbursement of support to exporters.

Source: Daily News Egypt May 19, 2024 09:41 UTC