Vast measures to develop exports, open new markets: El-Araby

Ibrahim El-Araby, President of the General Federation of Egyptian Chambers of Commerce (FEDCOC) and President of the Union of African Chambers of Commerce and Industry, Agriculture and Professions (UACCIAP), announced the start of a series of broad steps to integrate with government efforts to provide opportunities for small and medium-sized enterprises (SMEs) to reach international markets.

The aim is to encourage Egyptian exporters to participate in the electronic catalog launched under the auspices of the Prime Minister last June, as well as to encourage them to benefit from the services of “Gosoor” launched by the Ministry of Public Sector Affairs, and to use the incentive package launched by the ministries of trade and industry for SMEs.

El-Araby explained that the office of the deputy minister of the state-owned enterprise sector for technical affairs and monitoring issued a clarifying statement No. 7777 last week regarding an integrated package of services provided by “Gosoor”. It included promotion and mediation to open new markets for Egyptian exports. The electronic catalog included all Egyptian products that can be exported and the inputs needed for import according to modern business mechanisms and models, with free listing available on the catalog. In addition, the catalog has been promoted among the export boards, the Federation of Chambers of Commerce, the Federation of Egyptian Industries and MSMEDA. Introductory videos, email text messages, video conferencing and social media workshops, and some TV interviews were provided to introduce Egyptian producers to how to register their business, product and input data on the electronic catalog. This can create a demand for these products through the external branches of the El-Nasr company, which operates a network of specialists and sales agents.

He added that the government’s efforts include an integrated package of logistics services, including ground transportation from the factory, land, sea or air transportation to the target market, customs clearance, assembly for small exporters, l warehousing and inspection. These services are provided in cooperation with large international companies specializing in each target market, in addition to financial services, including working capital finance and export finance services in cooperation with the National Bank of Egypt (NBE) , and insurance on shipments in cooperation with the Misr Insurance Company.

He stressed that all these services would facilitate the opening of new markets for SMEs that otherwise could not open branches or offices for themselves abroad, in addition to providing an integrated package of logistics services, financing and insurance for all types of businesses, giving manufacturers the opportunity to focus on increasing production.

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