During the meeting, Investment Minister El-Khatib emphasized the government's deep commitment to the automotive sector, recognizing its key role in attracting foreign investments and promoting industrial growth.
During a panel at the Global Logistics Forum, Rabie shared that recent statistics reveal a decline in vessel transit, with the number of ships passing through the canal dropping from 25,887 in the FY2022/2023 to 20,148 in FY2023/2024.
The minister led a comprehensive meeting today to discuss the customs release process and the inspection of imported goods with representatives from various ministries and relevant authorities.
The program will schedule all arrears owed up to March 1st, 2024 through the Ministry of Finance, while providing an option to settle state-related dues, as highlighted by El Khatib.
Egypt’s trade deficit grew to $39.6 billion in FY2023/2024, up from $31.2 billion the previous year, primarily pushed by a steep drop in oil exports
