The Egyptian government will stick to its commitments regarding the international trading system in order to push for a revolution in the flow of international trade, said Minister of Trade and Industry Tarek Kabil.
Kabil pointed out that Egypt is one of the founding members of the World Trade Organization (WTO) and is committed to implementing all the rules and procedures approved by the organisation in relation to the commercial, economic, and investment policies of Egypt with member states of the WTO.
This came during a meeting held by the minister with a WTO delegation led by the director of the Trade Policy Review Division, Willy Alfaro. The delegation is currently visiting Cairo as part of the regular meeting held every six years to prepare for the periodic reviews of trade policies in Egypt. This meeting has been delayed because of the political circumstances experienced by Egypt following the 25 January Revolution.
The minister pointed to the government’s interest in conducting such a review, which will include the trade, economic, and investment policies of Egypt over the past years and a review of the economic reform programme being adopted by the government in order to facilitate investment and trade measures and increase industrial growth rates.
The minister added that the meeting dealt with the economic and social challenges and their implications on international, regional, and local trade policies, as well as the full faith of Egypt in the multilateral trading system as a tool for achieving development, especially in developing countries.