Egyptian ministerial group created to control negative balance of trade

The Egyptian Cabinet chaired by Prime Minister Kamal El-Ganzoury, decided to form a ministerial group to improve on the deficit found in Egypt's trade balance with a number of countries.

This group will be chaired by Deputy Prime Minister and Minister of Agriculture Youssef Wali.

It will include the ministers of public enterprises, economy, trade, finance, defense, production, industry, and planning in addition to the governor of Egypt's central bank. The group will draft plans to improve the indicators of Egyptian exports to improve the deficit in the trade balance, valued at 38 billion pounds.