The Ministry of Business defines a strategy of 5 mechanisms to assist exporters

Economy and stock exchange

The Ministry of Public Works organized a preliminary meeting in the presence of the Chambers of Commerce, the Federation of Industries and Export Councils, the Business Associations, the Holding Company for Maritime and Land Transport and the Holding Company for Insurance in preparation for the conference organized by the ministry under the title of Foreign Trade Bridges.

During the conference, the ministry listened to the views and the challenges facing the exports to Africa, especially that Dr. Mustafa Madbouli, the Prime Minister, was keen to hold meetings with almost all exporters through direct meetings with the leaders of export councils to approve the new strategy to stimulate Egyptian exports.

The Ministry of Public Business Sector during the second meeting with the exporters, was keen to explore their views on the strategy of the Ministry of the invasion of Africa from October next, and that the meeting will be held on July 2 with all interested to coordinate for a final launch of the first line connecting the port of Sokhna Kenya's largest port of Mombasa, and then to the ports of Tanzania, Djibouti and Mozambique.

The Ministry of the Business Sector confirmed that the launch of the shipping line to Africa is a great dream aimed at increasing the volume of intra-trade, especially as resorting to maritime transport as the easiest and cheapest, especially with the port of Mombasa.

The plan of the Ministry of the Public Enterprise Sector, which owns foreign trade companies with logistic warehouses belonging to the Maritime and Land Transport Authority in a number of countries of the continent, is based on 5 axes aimed at building bridges with the African countries from Mombasa to Uganda and its neighboring countries. From the transfer of goods from the factories by land to the port, and the termination of customs procedures and then by sea to the port of Mombasa and then transferred to the stores through an electronic system to be agreed by a global company.

The Ministry provides insurance for goods at all stages through the holding of insurance and then marketing and brokerage to Uganda and its neighboring countries.

The plan of the ministry is based on benefiting all parties involved in the export process so as to avoid losses, in addition to examining the possibility of importing from some countries where the goods are supplied to double the benefit and reduce the volume of shipping charges and land transport.

The ministry aims to improve exports to Africa, especially East Africa, which is still better than West Africa in export, and to ensure export sustainability.

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