Egyptian Minister of Investment and Foreign Trade Hassan el-Khatib affirmed that over the past years Egypt has built a solid foundation for a more competitive economy adopting trade policies focused on greater openness to global markets.
The statement came Wednesday during his participation in the “Lynx Consulting Forum” titled “From Policy to Practice: Deepening Trade Integration Between Egypt and Africa.”
The minister explained that the government has implemented economic policies targeting stability and transparency to empower investors, highlighting successes such as reducing inflation to about 11.6% in June 2025, increasing foreign reserves to dlrs 50 billion, and turning net foreign assets into a surplus exceeding dlrs 10 billion.
Khatib also pointed to reforms in trade policy that have reduced the time and cost of customs clearance by 65%, with plans to reach 90% in the near future and the removal of many non-tariff barriers, saving the Egyptian economy more than dlrs 1.5 billion this year.
