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Thursday, 31 January 2019

Egypt to launch new non-cash incentive program for exporters in March

A new non-cash incentive program for exporters that the Trade Ministry is working on will be launched in March, export council members tell Masrawy. Federation of Egyptian Industries boss Mohamed Elsewedy has suggested that the new program only apply to products that are at least 40% locally made, according to Masrawy. Export councils will hold talks on Monday over the program, which Trade and Industry Minister Amr Nassar is drafting, Al Shorouk reports. The government had been looking at alternative solutions amid delayed export subsidy funds and complaints from traders.

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