EU provides support to fostering enterprise development, trade

The Egyptian Minister of Trade and Industry, Tarek Kabil, and Ambassador James Moran, head of the European Union Delegation to Egypt, on Thursday jointly inaugurated the Trade and Domestic Market Enhancement Programme in Cairo.

This EU-funded programme supports the Ministry of Trade and Industry and its affiliates in their efforts to facilitate competitiveness and job creation in the Egyptian economy in line with the targets set in the Sustainable Development Strategy 2030.

The programme works in close coordination with the private sector to ensure that the maximum benefits offered by the Egypt/EU partnership can be harvested by the private sector in a manner that generates inclusive growth and jobs in the Egyptian economy.

“This programme provides a re-enforcement to the already strong trade and economic relationship between Egypt and the EU. As the largest trading partner to Egypt and the leading foreign investor in the country, the EU is committed to support further economic development in Egypt.

This new programme is very timely, coinciding with the economic reform programme announced within the Sustainable Development Strategy of Egypt. The EU is proud to be part of translating this nation-wide strategy into action in the trade and industry sectors. We will support the building of a prosperous Egypt for the benefit of all Egyptians”, Ambassador Moran said during the inauguration ceremony.