G20 finance ministers and central bankers agreed during a separate video conference this week to develop an "action plan" to respond to the outbreak.
Morocco's health ministry declared on Monday its first coronavirus case, from a Moroccan man living in Italy.
The figure is only the second time there has been a decline in the daily death toll and follows Tuesday's data showing 108 new fatalities.
The ban could affect the tourism revenues as China allocates 10 percent of all inbound tourism to Egypt, said member at the association Osama Munir.
China's central Hubei province, at the center of the Wuhan coronavirus outbreak, reported 13 new deaths caused by the new virus.
President Xi Jinping said China was facing a "grave situation" as the death toll from the coronavirus outbreak jumped to 42.