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Eissa: More facilities to Egyptian industry in coming period

Dr. Mahmoud Eissa said that the coming period will witness more facilities to the Egyptian industry to attract more foreign investment.

Dr. Mahmoud Eissa, Minister of Industry and Foreign Trade affirmed that Egypt's commitments to the World Trade Organization (WTO) allows it to move the tariff structure to reform customs distortion that industry suffering from without exposure to sanctions by WTO.

He added that the coming period will witness more facilities to the Egyptian industry to attract more foreign investment.

About free trade agreement including Brazil, Argentina, Paraguay and Uruguay which was signed in 2010 was not ratified by the Egyptian parliament until now, the Minister noted that it is currently being studied to complete the ratification procedures.