Trade and Industry Ministry’s export strategy for Africa shows bns in missed export opportunities

The Trade and Industry Ministry has its strategy to develop export markets in Africa, said minister Tarek Kabil. The strategy has identified export opportunities worth approximately USD 18 bn dollars, which is five-fold the current value of our exports to the continent, Al Ahram reports. According to the strategy, Egypt should be capitalizing on food, medical products, and construction materials, as well as chemical and engineering products. The strategy will focus on 12 markets, where four permanent Egyptian logistics hubs will be set up. Aid to exporters will be channeled through the Egyptian Export Development Bank, said Kabil.