CAIRO - 3 May 2026: Egypt aims to strengthen its economic partnership with the European Union and expand trade and investment flows, Finance Minister Ahmed Kouchouk said, pointing to wide opportunities for European firms in the Egyptian market.
During the Egypt–EU economic dialogue in Cairo, Kouchouk said Egypt’s economic direction remains stable and balanced, combining efforts to support production and exports with continued fiscal discipline.
He added that the government is taking proactive and flexible steps to manage current and potential economic challenges, while sustaining macroeconomic stability.
The minister also said work is underway to improve the tax system to encourage greater voluntary compliance and attract new taxpayers.
Deputy Finance Minister for Fiscal Policies Yasser Sobhi said Egypt is responding to global economic shocks from a stronger fiscal position, supported by recent reforms.
He noted that fiscal and economic indicators over the first nine months of the fiscal year reflect the government’s ability to stay on track with its targets.
Sobhi stressed that maintaining fiscal stability is essential for expanding economic activity and achieving sustainable, inclusive growth. He added that broadening the tax base and supporting production remain key priorities.
He also highlighted that boosting exports is a central objective, saying that greater market openness benefits private sector activity in both Egypt and the EU, which he described as a key partner for Egypt’s long-term growth prospects.
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