Egypt’s Plan to Identify and Overcome All Business Hindrances
Egypt’s Ministry of Trade and Industry unveiled developing plan for standing on all problems suffered by trade in Egypt.
This came during its meeting with the Federation of Egyptian Chambers of Commerce, chairmen of chambers of commerce in all the governorates of the Arab Republic of Egypt, and heads of the general departments of the various business activities to follow-up the latest development in the domestic and foreign markets.
The plan of domestic trade development will not come to a stop. Reform laws of internal trade situation will be adopted upon the completion of the formation and election of new parliament. In addition, the plan of trade investment plots allocation is ongoing and that Egypt is candidate as one of the richest countries in the opportunities of retail trade investments which create huge and direct employment opportunities.
For his part, Ahmed Al-Wakil President of Federation of Egyptian Chambers of Commerce stressed that the business community is fully aware of what is happening in Egypt, thus, the prices of basic commodities have not been affected or surged.
The Islamic Chamber of Commerce and Industry (ICCI) is an affiliated organ to the Organization of the Islamic Conference (OIC) and the only representative of the private sector in the Islamic World. It held 11 meetings since 1994 in 11 Islamic States for the sake of enhancing trade exchange volume, fostering the volume of joint investment projects amongst the States of the OIC, strengthening closer collaboration between public and private sectors in the Islamic countries, developing necessary mechanisms for more cooperation through networking, organizing and establishing projects amongst the OIC States.