By: Fahd Omran
Cairo – Mubasher: Egypt’s Export Development Authority (EDA) is planning to achieve a minimum annual growth in exports of 15% in the coming two years to reach a targeted exports value of EGP 534.9 billion ($30 billion) by 2020.
2015 was a milestone year for the Egyptian balance of trade, as exports registered EGP 332.91 billion ($18.67 billion) and imports hit EGP 1.25 trillion ($70.27 billion), EDA chair Sherine El-Shorbagi stated.
The Ministry of Industry and Trade's strategy, which is adopted by the EDA, includes a plan to increase Egypt’s exports to $30 billion by 2020, which will not be realised without the growth of foreign markets and the database of Egyptian exporters, El-Shorbagi added.
The EDA is committed to informing the Egyptian private sector of trade agreements signed with friendly countries to boost bilateral trade, the top official said.
Translated by: Muhammad Khalid
