Ahmed Zaki, Secretary-General of the Exporters Division at the Cairo Chamber of Commerce, is spearheading efforts to reinvigorate Egyptian exports through strategic initiatives aimed at enhancing competitiveness and stimulating growth.
Zaki’s proposal calls for a comprehensive review of Egyptian export priorities, focusing on high-demand products in international markets. Central to his plan is a two-year tax exemption for exporters, coupled with streamlined export processes to mitigate financial burdens and boost global competitiveness.
Highlighting the importance of foreign trade in driving economic progress, Zaki acknowledges Egypt’s strides in reducing the trade balance deficit, attributing this to government initiatives since 2015.
In addition to tax exemptions, Zaki advocates for expedited disbursement of export support funds and initiatives to reduce costs for businesses participating in international exhibitions.
Egypt’s goal of reaching $145 billion in total exports by 2030 aligns with Zaki’s vision for a robust export sector, underpinning broader efforts to bolster foreign exchange revenues and assert Egypt’s presence in global trade.
Zaki’s advocacy underscores a pragmatic approach to unlocking the full potential of Egyptian exports, paving the way for sustained economic growth and prosperity.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
25th April, 2024
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