The Ministry of Trade and Industry’s new export support programme aims to double exports to various foreign markets, said minister Tarek Kabil. The programme was recently approved by the board of directors of the Export Development Fund. The number of exports benefiting from assistance rose from $1.3bn in 2002/2003 to $7.2bn in 2015/2016. Additionally, the number of benefiting companies went up from 1,074 to 1,973 during the same period. The programme also supports small exporters enhance their abilities, which will contribute to the transition from the traditional consumer industries export support to the support of capital goods.

Source: Daily News Egypt September 07, 2016 15:56 UTC