Chambers of Commerce: Professional in managing the export file for Africa leads to success

Economy and stock exchange

Ahmed Al-Wakil, head of the Federation of Chambers of Commerce, confirmed that the plan of the Ministry of Business Sector to go to Africa is a very good plan, but it is necessary to take advantage of the previous plans and study these plans, especially that the issue of establishing a company specialized in the entire export operation has been implemented more than once and failed.

"In principle, traders may accept the loss of expected profit, but they do not accept the loss of capital," Ahmed Al-Wakil said at the meeting organized by the Ministry of Public Works Sector in preparation for the conference organized by the ministry under the title of foreign trade bridges in East and Central Africa. "It is possible to accept the sending of goods to Africa and carry several months without gain or a limited loss, but not the loss of all goods and the loss altogether.

He stressed the importance of revealing all details of the plan of the Ministry of Public Sector for exporters and how to benefit from them, and whether there is a thorough study of the new shipping line and the extent of competition with different lines of the sea.

For example, Turkey has succeeded in raising its exports from 125 billion dollars to 175 billion dollars in only four years and I was present at the home of former Turkish President Abdullah Gul with a number of chamber heads and senior investors, he said.

He stressed the importance of managing the new company professionally to avoid failure, as happened in 1999 after the establishment of 3 companies to export to Russia, two companies lost and the third was saved with difficulty.

He said that the transformation of the line to export and import will have a very positive return and reduces the cost instead of returning empty containers.