{"id":665900,"date":"2025-05-26T00:00:00","date_gmt":"2025-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/us-egypt-trade-relations-set-for-a-boost-with-soon-to-be-announced-customs-agreement\/"},"modified":"2025-05-26T00:00:00","modified_gmt":"2025-05-26T00:00:00","slug":"us-egypt-trade-relations-set-for-a-boost-with-soon-to-be-announced-customs-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/us-egypt-trade-relations-set-for-a-boost-with-soon-to-be-announced-customs-agreement\/","title":{"rendered":"US-Egypt trade relations set for a boost with soon-to-be-announced customs agreement"},"content":{"rendered":"

The US-Egypt Po<\/strong>licy Leader<\/strong>s Forum kicked off wit<\/strong>h a promise of a new era of bilateral <\/strong>economic relations<\/strong>, with a new customs agreement between the two nations set to be announced soon. The agreement is in its \u201cfinal stages,\u201d US Ambassador Herro Mustafa Garg and Prime Minister Moustafa Madbouly said at the forum yesterday, attended by EnterpriseAM. The AmCham Egypt- and US Chamber of Commerce-hosted event saw the ambassador describe the coming agreement as a \u201csignificant milestone\u201d in promoting bilateral trade and American investment in Egypt. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Garg was keen to emphasise how \u201cmutually beneficial trade and investment are a top <\/strong>priority\u201d for the Trump administration<\/strong>, so \u201cUS companies have a level playing field, whether working with the private or the public sector.\u201d And with this new trade relationship, she added that she\u2019s hopeful that \u201ceven more American companies especially in the information and communications technology sector will enter and expand their presence in the Egyptian market.\u201d <\/p>\n

Changes to our auto import requirements helped get the agreement over the line<\/strong>, with Madbouly revealing that the country on 11 May decided to exempt American-made automobiles from the country\u2019s mandatory production standards. Egypt is \u201cready from today\u201d to receive US-made cars that meet US federal standards, opening up a sizable consumer base for American manufacturers that are losing market share elsewhere on the back of tariff showdowns with much of the world. <\/p>\n

US dairy producers also now get easier access to the Egyptian market<\/strong>, following a decision to permanently exempt American-made dairy products and their derivatives from having to acquire halal certifications upon import \u2014 a long-standing request from the American dairy industry.<\/p>\n

Alongside this is a push to increase the number of accredited halal certification bodies and to cut halal certification fees by 30-50%<\/strong> as part of a broader overhaul to boost competition and, in turn, bring down prices, Investment Minister Hassan El Khatib said at the conference.<\/p>\n

El Khatib also announced that its <\/strong>in-the-works<\/a><\/strong> online unified licensing platform will be <\/strong>launched in \u201ct<\/strong>he coming d<\/strong>ays<\/strong>,\u201d which will let investors apply for 389 licenses and services for investors online and in one place \u2014 simplifying the often overwhelming, confusing, and time-consuming process that has been a frequently complained about barrier to investment for as long as we can remember.<\/p>\n

But this will be just the first phase of a larger platform covering the entire project <\/strong>lifecycle<\/strong>, El Khatib revealed. The ministry is hoping to contract out developing the project in June and is looking to complete setting up the new and expanded platform over a 12-month period. A survey of all non-tax burdens has been completed and the ministry\u2019s attempts to build up a plan to reduce these and make these more transparent is underway, he added.<\/p>\n

A new national trade policy is also slated for announcement by the end of next month<\/strong>, according to El Khatib. The document will lay out the ambitious goal of ranking among the top 50 in global trade competitiveness and cutting customs clearance times from 14 days to just two by the end of 2025, he said.<\/p>\n

More trans<\/strong>parency ahead: <\/strong>Next month, the Madbouly government will publish a report detailing its KPIs on fiscal resilience, FDI, industry, trade, workforce readiness, and the macro level, Planning Minister Rania Al Mashat said. \u201cWe are here to make sure that we are growing, creating more jobs, but more importantly, creating resilience in the face of the different shocks that we are facing,\u201d she said. <\/p>\n

And speaking of fiscal resilience: <\/strong>\u201cWe\u2019re seeing recovery and we\u2019re seeing very strong tax reform this year. We were able to deliver a very strong surplus of 3.1% of GDP in the first 10 months of the fiscal year \u2014 this is the highest ever primary surplus we\u2019ve ever realized,\u201d Finance Minister Ahmed Kouchouk said. \u201cWe were also able to bring down debt despite the high interest rate.\u201d<\/p>\n

Industry Minister Kamel El Wazir also took to the stage to announce a plan to support <\/strong>struggling factories<\/strong>, which will see the central bank support a fund that will help \u201crestructure struggling factories and support industries targeted for export,\u201d he said. Underpinning these ambitions is Egypt's EGP 2 tn investment in transport infrastructure, which will include seven international logistics corridors designed to enhance connectivity and support the vision of Egypt as a regional trade and industrial hub. This includes the USD 550 bn already spent on infrastructure over the past decade, according to El Khatib.<\/p>\n

DATA POINT- <\/strong>Egypt-bound FDI from the US totaled USD 3 bn in the previous fiscal year, marking the country as the second largest source of foreign investment. Trade between the two countries reached USD 8.6 bn in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

The customs agreement is in its \u201cfinal stages,\u201d according to both Garg and Madbouly<\/p>\n","protected":false},"author":1,"featured_media":665901,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8516],"tags":[144,309,6552,72,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-automotive","tag-customs","tag-egypt-us-relations","tag-enterpriseam","tag-trade","wpautop","entry"],"acf":{"mongo_id":"bbfaeed7-fbcd-4c86-8fe4-a12e8b7cca28","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2093.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US-Egypt trade relations set for a boost with soon-to-be-announced customs agreement","related_issue":[665895],"teaser":"The customs agreement is in its \u201cfinal stages,\u201d according to both Garg and Madbouly","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.2bfed664-fa88-4be9-bc8c-d7c609f27523.mp3"},"yoast_head":"\nUS-Egypt trade relations set for a boost with soon-to-be-announced customs agreement - 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Some good news to wrap up your first day back: we\u2019re in the home stretch of the latest heatwave, with tomorrow marking the last day of extreme weather we\u2019ll be seeing for a good long while. THE BIG STORY\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2047.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568631,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/us-egypt-trade-talks-to-restart-next-year\/","url_meta":{"origin":665900,"position":1},"title":"US-Egypt trade talks to restart next year","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"US-Egypt trade talks to restart next year: Egypt and the US will re-enter negotiations over a bilateral trade agreement next year, US Ambassador Jonathan Cohen said on the sidelines of a conference at the American Chamber of Commerce in Cairo, according to Al Shorouk.The slow pace of reform has stood\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/730.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584412,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/biden-to-nominate-new-us-ambassador-to-egypt\/","url_meta":{"origin":665900,"position":2},"title":"Biden to nominate new US ambassador to Egypt","author":"enterpriseam admin","date":"30 March 2023","format":false,"excerpt":"Daniel Rubinstein has been the embassy\u2019s charge d\u2019Affaires for the past 7 months","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/685.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596182,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/egypt-to-sign-customs-agreements-with-us-eu-countries-and-belarus\/","url_meta":{"origin":665900,"position":3},"title":"Egypt to sign customs agreements with US, EU countries, and Belarus","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"Egypt is set to sign customs agreements with the US, Belarus, and a number of EU countries, according to a Finance Ministry statement (pdf). The agreements are meant to expedite customs clearance, cut down on customs costs, and improve regulation to increase cross-border trading. The Customs Authority has finalized the\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574307,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/1500-1600cc-passenger-cars-not-covered-by-eu-zero-customs-trade-agreement\/","url_meta":{"origin":665900,"position":4},"title":"1500-1600cc passenger cars not covered by EU zero-customs trade agreement","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"If you were hoping diesel cars would be included in the EU customs trade agreement, forget about it: Imports of diesel and semi-diesel-powered 1500-1600cc passenger cars from the European Union are not part of the zero-customs trade agreement we signed with the EU, which saw customs on EU imports fall\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569337,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egypt-belarus-sign-mous-on-bank-partnerships-customs-cooperation\/","url_meta":{"origin":665900,"position":5},"title":"Egypt, Belarus sign MoUs on bank partnerships, customs cooperation","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"Egypt and Belarus signed several cooperation MoUs during Belarusian President Alexander Lukashenko\u2019s visit to Egypt, which saw him meet with President Abdel Fattah El Sisi, Ittihadiya said in a statement. The agreements will set up a committee of senior officials to promote dialogue and set the stage for partnerships between\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=665900"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665900\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665901"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665900"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665900"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}