Mubarak policy increases free zone exports by 33 percent
Egypt, Economics, 6/13/1998

Ibrahim Fawzi, the head of Egypt's General Organization for Investment and Free Zones, announced that exports from free zones to foreign markets increased by 33% during the last month compared to the same month last year, reaching $40.6 million.

Fawzi said that the increase in Egyptian exports to foreign markets is one of the main pivots in the development of the national economy and the economic reform policy which is headed by President Mubarak and implemented by the government of Prime Minister Kamal El-Ganzouri.

Fawzi added that the main attraction of the free zones are the features and facilities provided, that help investors export to international markets.

He also said that the market of the European Union countries is completely open for the free trade zone exports and that the signing of the partnership agreement with the EU will not affect free zone exports.

Previous Stories:
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  Egyptian People's Assembly approves draft project for bank privatization   (6/9/1998)
  First Iranian economic delegation in Cairo in 20 years   (6/8/1998)

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