Egypt Today: The Egyptian Commercial Service (ECS) is targeting exports valued at $48 billion by the end of 2025, a 20 percent increase over last year.
Additionally, the Authority aims to boost trade with African nations by 20 percent in 2025, compared to the $3.6 billion achieved by the end of 2024.
Yahya Al-Wathiq Bellah, Chairman of ECS, explained that the current strategy is built on several key pillars. It begins by leveraging current global challenges to secure sustainable growth in Egyptian exports worldwide.
This will be achieved by adopting flexible, non-traditional trade policies that can adapt to the rapidly changing international market.
The strategy also emphasizes enhancing the value of Egyptian exports in both emerging and established markets by prioritizing high-value products.
Highlighting the importance of the European market, Bellah noted that the European Union was Egypt’s largest trading partner last year, with total trade reaching $29 billion.
The goal is to increase this figure by 10 percent to 15 percent, while also improving environmental sustainability standards to ensure smooth market access for Egyptian exports.
For this year, the Authority plans to establish a comprehensive database of premier international exhibitions recommended for Egyptian participation, along with an evaluation of each event's significance.
In terms of investment, the focus will be on attracting new ventures in sectors such as ready-made garments, textiles, renewable energy, medical industries, engineering, automotive, real estate development, and chemical industries.
In 2024, the Authority secured 960 export opportunities valued at approximately $2.3 billion.
