Trade minister opens first exporters complex in 6th of October City

CAIRO – 17 October 2017: Minister of Trade and Industry Tareq Qabil on Tuesday asserted that exports promotion is a national objective included in the foreign trade development strategy drawn up by the Ministry of Trade and Industry till year 2020, noting that the strategy aimed at beefing up all necessary potentials to up exports rate in the coming phase.

The minister's remarks were made during his inauguration of the exporters service complex, affiliated to the Exports Promotion Authority in the 6th of October City, which provides exporters with all necessary facilities to ease the export process.

The inauguration was attended by Head of the Exports Promotion Authority Cherine el Shorbagy, Head of the United Bank Ashraf al Qadhi and Head of the Exporters Society Khaled Meqati, trade and industry officials and a galaxy of investors in the 6th of October City.

The complex will brief exporters on the standards and qualifications needed for their business as well as receive complaints of the exporters to be solved by the parties concerned.

Qabil also said the complex aims at expanding the exporters base and merging the small- and medium-scale enterprises as part of the export process along with allowing further export activities to find new markets worldwide.

He made it clear that the complex system of work depends on cooperation between the private and public sectors, noting that the 6th of October City was chosen as a venue for the complex in view of its importance as one of the biggest industrial cities in Egypt as it comprises more than 1,700 industrial facilities with annual exports exceeding dlrs 2.5 billion.

The minister also said the Egyptian Exporters Society (Expolink) will offer services of information and market studies along with promotion materials to the exporters, while the United Bank will introduce consultancy and banking services as part of training programs to the companies concerned with exports.

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