Egypt’s new exports program aims to more than double exports to USD 55 bn

Egypt’s still-in-the-works non-cash incentives program for exporters aims to more than double exports to USD 55 bn, according to a Cabinet statement. The program will come as part of a larger strategy to increase exports of manufactured goods and encourage foreign and domestic investments in key sectors. The strategy also aims to improve the competitiveness and broaden the outreach of globally traded goods and services and contribute to employment, to name a few. The program is expected to kick off between April and early FY2019-20.