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90% of Egypt’s internal trade is informal, said Ibrahim Ashmawy ITDA head - Daily News Egypt

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90% of Egypt’s internal trade is informal, said Ibrahim Ashmawy ITDA head

  Earlier estimates of the Ministry of Planning and Administrative Development were that the informal economy contributes to about 40% of GDP. The state has taken some measures to improve the situation of internal trade in Egypt, the beginning of the solution to the problems with investors, and changing the negative mental picture from the …


 

Earlier estimates of the Ministry of Planning and Administrative Development were that the informal economy contributes to about 40% of GDP.

The state has taken some measures to improve the situation of internal trade in Egypt, the beginning of the solution to the problems with investors, and changing the negative mental picture from the domestic trade sector, as well as presenting investment opportunities.

Egypt’s domestic trade sector contributes about 17% of the GDP, including the storage and transportation sectors. The sector also provides 4 million jobs for 14% of the total manpower in Egypt.

The retail trade sector is considered to be the largest domestic trade activity, with more than 40,000 points of sale across the republic. ITDA plans to establish new trade centres in different governorates during the upcoming three years in order to increase supply and lower costs in return, according to Ashmawy.

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https://dailyfeed.dailynewsegypt.com/2017/11/11/90-egypts-internal-trade-informal-said-ibrahim-ashmawy-itda-head/
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