Egypt Ready to Shoulder Costs to Boost Exports

Published May 9th, 2000 - 02:00 GMT

Egypt's prime minister Atef Obeid said the government is prepared to shoulder initial costs of preparations for opening foreign markets before Egyptian exports. 

Reuters quoted Obeid Monday as saying that Egypt is prepared to accept the effective supervision by foreign importation offices on rehabilitating the Egyptian products for exportation. 

Addressing the Eighth Conference of Businessmen and Egyptian expatriates, the prime minister called on the participants in the Conference to provide their homeland with their experience in opening foreign markets before the Egyptian products on one side, and to facilitate tourist inflows into Egypt, on the other, said Arabic 

He said the progress achieved so far in the field of exportation is still moderate and is not consistent with our exportation potential. 

Obeid, quoted by Arabic, said Egypt offers investors incentives which are not available anywhere adding that "we have attractive investment opportunities, but financial inflows are still below the levels we aspire for." - (Several Sources) 





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